Regarding credit note and debit note

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honourable persons could you please tell me what is the make credit note and debit note the how was it is used

Replies (4)

Sales return is debit note

Purchase returns is credit note

Oh ok sir 👍

Your welcom

 when seller gets goods returned, he receives a debit note.

then seller gives the buyer a credit note.

its simple to understand,

Purchases debit

purchases returns credit

sales credit

sales return debit 

it is described in many ways, what is important is our books of accounts. 

Now I am very clear ..thank you very much


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