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Basics (Others)

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This query is : Resolved

Author : Anonymous

( Author )
16 July 2012

 what is the difference between credit note and debit note?


Amol S. Joglekar.

( Expert )
16 July 2012

 The note (LETTER) containing credit for the addressee is called CREDIT note and debit for the addressee is called DEBIT note.


CFA Bharath Kumar

( Expert )
17 July 2012

 When the purchaser returns the goods to the seller the Purchaser sends a Debit Note to the seller (ie. the purchaser debits the seller in his books ie. Purchasers Books) and the Seller sends a Credit Note to the purchaser (ie. the seller credits the Purchaser in his Books ie. Sellers Books).



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