If a buyer returns goods to the seller which are bought on credit, the seller’s account must be debited by the buyer and send this information to the seller through a note. This note is known as “Debit Note.”
About the Author
True Tamplin, BSc, CEPF®
True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.
True contributes to his own finance dictionary, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.