Question

Give detailed explanation for Debit Voucher and Debit Note.
Class 11 Commerce Accounts.

Answer 1

A debit voucher plays a similar role to a check in that it is a substitute to cash. The debit voucher will have a particular cash value and they are used to transfer money from one bank account to another. A person fills out on what the voucher is worth and gives it to his creditor who can then recieve the money what he is due from the bank.

A debit note is found in Purchase returns book and is issued for the value of the goods returned. In some cases these can be treated as just another invoice.

Answer 2

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