Purpose of Debit Note & Credit Note
This query is : Resolved
28 March 2022
To
The experts
Can any one clarify what is actual purpose of Debit Note & Credit Note?
Regard
Abhijit
The experts
Can any one clarify what is actual purpose of Debit Note & Credit Note?
Regard
Abhijit
29 March 2022
Any adjustments after issue of invoice debit note credit note issued.
29 March 2022
If you have to increase the debtors balance then you will issue debit note.
If the sale was wrongly invoiced at higher rate then you have to reduce the debtors balance by crediting it and issue credit note.
If the sale was wrongly invoiced at higher rate then you have to reduce the debtors balance by crediting it and issue credit note.
29 March 2022
Thanks to CA Puja Sharma and CA R Seetharaman for immediate reply
Regards
Abhijit
Regards
Abhijit
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