Quiz – Debit Note – MCQ – Accounting Capital Premium

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Time Limit: Unlimited
Level: Easy to Medium
Question Type: MCQs
Passing Score: 90%
No. of Questions: 10

Quiz – Debit Note – MCQ

Debit Note may be treated as an invoice, however, it is different from that.

Debit Note is issued for the value of goods _____.

Debit Note shows a _____ currency value (amount).

Debit Note is usually sent for reasons such as incomplete & damaged goods received.

Debit Note reduces _____ for the buyer.

Debit Note is used both in the case of cash & credit sales.

Debit Note reduces _ in books of the _.

The buyer updates “Purchase Returns Book’ on the basis of a debit note.

The _____ is obligated to cancel the debt upon acceptance of debit note.

Debit Note is a document sent by a _____ to confirm the details of goods returned.

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