what is the difference between credit and debit note?
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Answer Posted / pascal mefinya
Debit note is sent by the supplier to customer to adjust
(increase the value)of undercharged invoice
Credit note is sent by the supplier to customer to adjust
(Decrease the value) of overcharges invoice
so both document are issued by the supplier to either
reduce or increase the value of the invoice
Debit note will be sent if for example the supplier
underpriced goods
Credit note will be sent if the Customer returned goods or
if the quality of goods is substandard and the supplier
want to encourage the buyer keep the Goods nonobstand the
quality by reducing the price
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