Supplier can issue Debit Note

to Customer if earlier invoice

Encourage had error or omission
BUSINESS DOCUMENTS bulk purchase

Documents Customer Supplier

i. Invoice sent by supplier Debit Customer (Trade
(Net off trade discount Receivables - TR)
and carriage) Credit Sales
ii. Invoice received by Debit Purchases
customer (Net off trade Credit Supplier (Trade
discount and carriage) Payables - TP)
iii. Debit Note by customer Debit Supplier (TP)
(when returning goods) Credit Purchase Returns
iv. Credit Note by supplier Debit Sales Returns
(upon receiving the Credit Customer (TR)
returned goods)
v. Cash discount received Debit Supplier (TP)
for early settlement from Credit Cash Discount
supplier Received
vi. Cash discount given Debit Cash Discount Given
when customers make Credit Customer (TR)
early settlement
vii. Payment made customer Debit Supplier (TP) [Purchases
less Purchases Returns & Cash
Discount Received]
Credit Bank
viii. Payment received by Debit Bank
supplier Credit Customer (TR)
[Sales less Sales
Returns & Cash
Discount Given]