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What is Debit Note & Credit Note?

Answers were Sorted based on User's Feedback



What is Debit Note & Credit Note?..

Answer / joginder singh

. A transaction that reduces Amounts Receivable from a
customer is a credit memo.For eg. The customer could return
damaged goods.

A debit memo is a transaction that reduces Amounts Payable
to a vendor because, you send damaged goods back to your
vendor

Is This Answer Correct ?    17 Yes 1 No

What is Debit Note & Credit Note?..

Answer / maruthimuralidharan

Debit Note -  this note is prepared in order to debit a creditor.

Credit Note -  this note is prepared in order to credit a debtor.

Is This Answer Correct ?    4 Yes 0 No

What is Debit Note & Credit Note?..

Answer / raju

debit mean -the good sent to the suplier when it is damaged the good on the transport or excess of good then call as debit

Is This Answer Correct ?    0 Yes 1 No

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