what is the difference between credit and debit note?
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Answer Posted / bryan dantis
Credit Note:
When our Debtors (Customers) return the goods which we had sold to them, We issue Credit Note to them to show that the Debtors account is credited in our books.
Debit Note:
When We return the goods to our Suppliers (Creditors) which we had purchased from them, we issue debit Note to them to show that the Creditors account is debited in our books.
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