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Colleen
A document used by a purchaser to inform a vendor of the quantity and dollar amount of goods being returned, and requesting that the dollar amount be returned to the purchaser. A debit note is often used to return goods on credit. The vendor then issues a credit note to the purchaser indicating that the goods have been received, and that the purchaser will not have to pay for them.
Also known as a "debit memo".
Read more: http://www.investopedia.com/terms/d/debit-note.asp#ixzz2KxFmjJM6
| 13 years ago. Rating: 0 | |
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