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Credit note

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(Querist)
20 December 2010 what is credit note and in which circumstances it is used?????
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
20 December 2010 Credit note is a document, which is used in accounts for crediting a party account. following circumstances

1.Discount given to party
2. Wrong debit made in party account
3.adjusting the party balances
and many more circumstances which we want to credit party a/c
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