Question

Debit notes issued are used to prepare : (a) Purchase Return Book (b) Purchase Book (c) Ledger (d) Sales Book​

Answer 1

Answer

The correct answer of this is Debit notes are used to prepare Purchases Return Book

Answer 2

Answer:

Option(a)Purchase Return Book is the correct answer.

Explanation:

• A debit note, also known as a debit memo, is a written notice of current debt obligations given by a seller to a buyer.

• These notes are frequently found in business-to-business exchanges.

• It aids the buyer in maintaining a record of his financial obligations to the provider for products or services received.

• Additionally, it aids suppliers in adjusting undervalued invoices.

• If the buyer is undercharged or the seller sends extra products, the seller gives a debit note to the customer.

Hence, debit notes issued are used to prepare purchase return book.

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