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accounts there were many instances when an Organization receive
debit note or it has to issue a debit note to its suppliers,
customers, employees, third party and so on.  when you receives
a debit note, from a third party, you have to credit the account
of the issuer of the note and debit the related expenses /item
account.  suppose you have purchased an item at a rate of Rs.100
however by mistake your supplier had billed you at a rate of
Rs.95, then your supplier may issue a debit note for balance of
Rs. 5 plus vat and other applicable duty. In such a case, you
have to debit respective purchase and duty amount as narrated in
the debit note and credit the supplier account.  Similarly if
you have issued a debit note to your customer, you have to debit
your customer’s account and credit the related account.  I am
highlighting some major circumstances under which you may issue
or receive a Debit Note  1) Rate difference in sales/purchase
invoice  2) Di