Credit note , Debit note


0
What is the difference between Credit note and Debit note?

2 Answer(s)


1

When a purchaser returns goods to the seller , purchaser sends a debit note to the seller and seller sends a credit note to the purchaser

1

Credit Note is a document issued to a party stating that you are crediting their Account in your Books of Accounts for the stated reason or vise versa. It is commonly used in case of Sales Returns, Escalation/De-escalation in price etc.

A Credit Note can be entered in voucher or Invoice mode.

Thanks!

Your Answer

Click on this code-snippet-icon icon to add code snippet.

Upload Files (Maximum image file size - 1.5 MB, other file size - 10 MB, total size - not more than 50 MB)

Email
Password