09 November 2013
Creditor are given debit note in case we have to pay them less & they have raised invoice of more amount. hence in that case Creditors debit to purchase account.
vise versa for debtors....
Guest
Guest
(Expert)
10 November 2013
Credit note is given when we have to credit any customer/client in the books of accounts.
Similarly debit is issued when we need to debit any person.
For example:- 1) Sales bill revised if increase - debit note if decrease - credit note
2) Purchase bill revised if increase - credit note if decrease - debit note
CAclubindia
