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what is the difference between credit and debit note?
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Answer Posted / sahana
Credit note is the document prepared by the supplier and
given to the customer incase of expecting the sales return,
customer account will be credited and the supplier account
will be debited
Sales returna/c dr
customer a/c
Debit note issued by the customer for the purchase return
to the supplier incase he wants to return or replace the
product for the poor quality.
customer a/c dr
purchase return a/c
| Is This Answer Correct ? | 4 Yes | 1 No |
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