what is the difference between debit note and credit note??
Querist : Anonymous
what is the difference between debit note and credit note??
i know purchase returns/sales retunrs..
is there any relation between (purchase returns/sales retunrs-debit note and credit note).
iam little bit week in english..
Could you please explain in detail..
thanks
sadasiva
Following are the JVs to be passed:-
Sales Return inward A/c Dr.
To Debtor A/c
(Being goods returned by the customer)
Creditor A/c Dr.
To Goods Return A/c
(Being goods sent back to the seller)
Querist : Anonymous
what is the entry in both books
vendor/customer books
thanks
sada
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