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Regarding credit note and debit note

MPR Sanjay Kumar (166 Points)

17 October 2021  

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


 4 Replies

yasaswi gomes (My grammar is 💯 good I)   (6658 Points)
Replied 17 October 2021

Sales return is debit note

Purchase returns is credit note

MPR Sanjay Kumar (166 Points)
Replied 17 October 2021

Oh ok sir 👍

yasaswi gomes (My grammar is 💯 good I)   (6658 Points)
Replied 17 October 2021

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. 

MPR Sanjay Kumar (166 Points)
Replied 17 October 2021

Now I am very clear ..thank you very much

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