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what is mean by credit note and debit note?

Answer Posted / rajesh .c.

Credit Note is the document prepared by one organisation to
inform their debtors that they have credited an amount in
debtors account for reasons mentioned in the document.

Debit Note is the document prepared by one organisation to
inform their Creditors that they have debited an amount in
Creditors account for reasons mentioned in the document.

Is This Answer Correct ?    3 Yes 4 No



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