Debit Notes

what are debit notes, sales invoices and petty cash vouchers used for?

Its for my uni course im kinda stuck

Public Comments

1. depends, some people use the carbon copies as receipts, some use them just to keep there books right. Why do you ask?
2. In short a Debit Note is used to deduct funds from your Customer's account when the deduction has no relationship to an Order or any Service rendered. invoice Definition A bill issued by one who has provided products and/or services to a customer. In asset-based lending, invoice means account receivable. Any payment made must be supported by a source document. If you purchase any goods or services for cash, you should receive a till slip or other source document. If the purchases or payment was made out of the petty cash float, these source documents will be captured and posted to the ledger in the petty cash payments journal. In some businesses where a person is entrusted with petty cash, a petty cash voucher is normally written out and authorised to remove or take any money out of the petty cash float. This is important in the case where some other person is handed the money to do the purchase on behalf of the petty cashier. An example of petty cash vouchers is as follows: