What is meaning of debit note & credit note ?

Question

I want to clear my all querys about accounting concepts & definations in accounts like debit note, creidit note, voucher etc can anyone suggest me books or website relating to it ? so i can clear all meaning regards.

Answer 1

Assume Company A buys somethings from Company B. Company B supplies material worth $100(in whatever currency) to Company A. Company A on receipt of goods finds that some material is damaged. Assume the value of the damage is $ 10.
Now Company A would debit Company B using an instrument called Debit Note, to the extent of $10.
Assume Company B after the supplies were effected(no material loss etc), decides to offer a discount. Company B would issue a Credit note to the extent of the discount to Company A.
I hope this clears the concept.

Answer 2

debit note is company receivable amount from party other side credit note is company given amount to party.

Answer 3

a debit note is a note wherein a(n) establishment/company/person is debiting (increasing if it is receivable, decreasing if its a payable) your account. credit note is the exact opposite.
there are many accounting books, but if you like the simplest one, i guess there is a dummy (accounting for dummies) or idiot's series (idiot's guide to accounting). they are very simple and easy to understand, and apply to everyday living.
good luck.

Answer 4

in simple lay mans language: u buy goods,the amount is billed to u (debited to you) and when to pay the same, the amount is credited to your account (balance nil), pl join an institute for short course which will be helpful

Answer 5

debit note is company receivable amount
and credit note is company given amount