Debit notes and dishonoured bills

Debit notes and dishonoured bills

Bachelor of Business Studies (BBS) — Fourth Year

Subject: Accounting for Banking (ACC 250)

Unit 3: Accounting for Bills for Collection

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

• Explain the scope and key elements of debit notes and dishonoured bills.
• Apply the relevant accounting or audit procedures using the stated reporting framework and interpret the resulting evidence.

Curriculum Scope

• Debit note and required reversal entry
• Outgoing debit advice for uncollected or dishonored bills

Detailed Microsyllabus

1. Debit notes

   1. Purpose and relation to an underlying transaction.
   2. Identify the amount and affected accounts.
   3. Prepare the required reversal entry.

2. Uncollected bills

   1. Outgoing debit advice for uncollected or dishonored bills.
   2. Document status and customer notification.
   3. Reconcile the resulting balances.

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Curriculum reference: Tribhuvan University, Faculty of Management, revised four-year BBS curriculum, PDF pages 63–66.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit or component allocations apply at their stated level; no separate topic hours or marks are assigned here. Examples involving current laws, rates, institutional products or Nepalese status must identify the relevant period and official materials; no changing numerical or legal requirements are invented here.