what is the difference between credit and debit note?
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Answer Posted / rajkumar
In business point of view
"DEBIT IS A PURCHASE RETURNS "
Debit note is a document is prepare by Business sent to
suplier due to pure qulity materials & some defects in
material.
Debit note contains retunabale goods Qty,reasons for returns
"CREDIT NOTE IS A SALES RETURNS"
Credit note is a document is prapared by customer sent to
business.
Credi note contains retunabale goods Qty,reasons for
returns
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