Regarding credit note and debit note

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3145 Points Posted on 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

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On 17 October 2021 at 11:52 Report
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Quick Summary
This discussion clarifies the purpose and usage of credit notes and debit notes in accounting. It explains that a debit note is typically issued when goods are returned to the seller (purchase returns), while a credit note is issued by the seller to the buyer when goods are returned. The core takeaway is understanding how these documents impact your business's books of accounts.

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My grammar is 💯 good I
7306 Points Posted on 17 October 2021

Sales return is debit note

Purchase returns is credit note

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On 17 October 2021 at 13:36
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3145 Points Posted on 17 October 2021
Oh ok sir 👍
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On 17 October 2021 at 15:15
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My grammar is 💯 good I
7306 Points Posted on 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. 

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On 17 October 2021 at 16:19
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3145 Points Posted on 17 October 2021
Now I am very clear ..thank you very much
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On 17 October 2021 at 16:20

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