Written on Nov, 13, 2011 by in | Leave a comment

When the account of any party is to be debited and no cash memo or invoice can be raised for such transactions, then debit note is issued. Therefore, the Debit note is a document which shows the reason of debit entry. Debit notes are issued due to following reasons:- When the material is returned by the purchaser to the supplier …

Written on Nov, 13, 2011 by in | Leave a comment

Support document is a proof of a business transaction which shows the authenticity of that particular transaction. We call it as source document also. The source document is the first document from where the accounting will be started. It means with out any proof, a business transaction can not be called a valid transaction. That is why, for every transaction …


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