honourable persons could you please tell me what is the make credit note and debit note the how was it is used
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Regarding credit note and debit note
Replies (4)
Quick Summary
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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