what is the difference between credit and debit note?
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Answer Posted / subhankar saha
Credit note is one that relates to sales return. When
supplier sold goods to customer and the customer returned
some parts of goods . Then for such parts of goods it is
issued by supplier to costomer.
Debit note is one that relates to purchase return. when
purchaser bought goods from supplier and some parts of the
goods returned by him. Then for such parts of goods it is
issued by purchaser to supplier.
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