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Category: Retail Accounting

Debit Balance on buyer’s account towards a seller and when should a buyer issue a debit note?

On July 29, 2018July 31, 2018 By bsaikrishnaIn Debit Note, Retail Accounting

In accounting, there are various accounts such as account payables, account receivables, cash, etc. In some of these accounts, the value of a company comes in (asset account) and in some of these accounts the value of the company goes out (liability account). Finally, all the balances from the assets and liabilities go onto the …

Continue reading Debit Balance on buyer’s account towards a seller and when should a buyer issue a debit note?

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