could you plz tell me when a company should raise debit note and credit note and their meanings..
Harish babu (Accounts Executive ) (34 Points)
21 June 2013could you plz tell me when a company should raise debit note and credit note and their meanings..
CA Ramsai N
(Fresher)
(594 Points)
Replied 21 June 2013
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).
Read more at: /forum/what-is-debit-note-and-credit-note--142660.asp
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