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A note sent by buyer on return of goods is :
- a)Debit Note
- b)Credit Note
- c)Return Note
- d)None
Correct answer is option 'A'. Can you explain this answer?
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A note sent by buyer on return of goods is :a)Debit Noteb)Credit Notec...
When a buyer returns goods to the seller, he sends a debit note as an intimation to the seller of the amount and quantity being returned and requesting the return of money. 2. A debit note is sent to inform about the debit made in the account of the seller along with the reasons mentioned in it.
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A note sent by buyer on return of goods is :a)Debit Noteb)Credit Notec...
Debit Note is the correct answer.
Debit Note:
A debit note is a document sent by a purchaser to a seller to notify them that they have returned goods. It is often used in business-to-business transactions. A debit note is created when a buyer returns goods to a seller, and the seller agrees to take them back. The debit note is used to record the transaction and to update the seller's accounts.
Purpose of Debit Note:
The purpose of a debit note is to notify the seller that the buyer has returned goods and to request a refund or replacement. The debit note is used to update the seller's accounts and to ensure that the correct amount of money is refunded to the buyer.
Content of Debit Note:
A debit note usually includes the following information:
- Date of the return
- Invoice number
- Description of the goods returned
- Quantity of goods returned
- Reason for the return
- Refund or replacement requested
Benefits of Debit Note:
- Helps in maintaining accurate records of transactions.
- Ensures that the correct amount of money is refunded to the buyer.
- Helps in identifying any issues with the goods sold, which can help in improving the quality of the products.
- Helps in maintaining good relationships between buyers and sellers.
Conclusion:
In conclusion, a debit note is a document sent by a buyer to a seller to notify them of the return of goods. It is used to record the transaction and to update the seller's accounts. A debit note is an important document that helps in maintaining accurate records and good relationships between buyers and sellers.
Debit Note:
A debit note is a document sent by a purchaser to a seller to notify them that they have returned goods. It is often used in business-to-business transactions. A debit note is created when a buyer returns goods to a seller, and the seller agrees to take them back. The debit note is used to record the transaction and to update the seller's accounts.
Purpose of Debit Note:
The purpose of a debit note is to notify the seller that the buyer has returned goods and to request a refund or replacement. The debit note is used to update the seller's accounts and to ensure that the correct amount of money is refunded to the buyer.
Content of Debit Note:
A debit note usually includes the following information:
- Date of the return
- Invoice number
- Description of the goods returned
- Quantity of goods returned
- Reason for the return
- Refund or replacement requested
Benefits of Debit Note:
- Helps in maintaining accurate records of transactions.
- Ensures that the correct amount of money is refunded to the buyer.
- Helps in identifying any issues with the goods sold, which can help in improving the quality of the products.
- Helps in maintaining good relationships between buyers and sellers.
Conclusion:
In conclusion, a debit note is a document sent by a buyer to a seller to notify them of the return of goods. It is used to record the transaction and to update the seller's accounts. A debit note is an important document that helps in maintaining accurate records and good relationships between buyers and sellers.
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A note sent by buyer on return of goods is :a)Debit Noteb)Credit Notec)Return Noted)NoneCorrect answer is option 'A'. Can you explain this answer?
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A note sent by buyer on return of goods is :a)Debit Noteb)Credit Notec)Return Noted)NoneCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A note sent by buyer on return of goods is :a)Debit Noteb)Credit Notec)Return Noted)NoneCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A note sent by buyer on return of goods is :a)Debit Noteb)Credit Notec)Return Noted)NoneCorrect answer is option 'A'. Can you explain this answer?.
A note sent by buyer on return of goods is :a)Debit Noteb)Credit Notec)Return Noted)NoneCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A note sent by buyer on return of goods is :a)Debit Noteb)Credit Notec)Return Noted)NoneCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A note sent by buyer on return of goods is :a)Debit Noteb)Credit Notec)Return Noted)NoneCorrect answer is option 'A'. Can you explain this answer?.
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