Debit/credit note

A Debit note is a note stating that the creditors account is debited by an amount. This is done when purchase return is made or when there is a rate difference like the creditor has charged more than agreed or a discount is given by the creditor before settlement of bills.

A credit note is issued when a debtors account is credited by an amount. This is done when sales retun is made or a discount is been given or we have charged more price other than agreed.

In Tally,

Firstly you need to activate the Debit and Credit notes. (Step: Press F11 ---> Accounting Features ---> Under Invoicing ---> Say YES to Use Debit/Credit Notes.)

Secondly while in Voucher mode

Press Ctrl+F8 ----> Credit Note

Press Ctrl+F9 ----> Debit Note

Hope this is clear to you Jainam Shah.

Regards

Suhas Prabhu