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DIFFERENCIATE BETWEEN DEBIT NOTE AND CREDIT NOTE? WHY WE USE THEM? IS THERE ANY OTHER TECHNIQUE?

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Question added by irfan khalid , Senior Sales Executive , Ghantoot Group ( Bin Mehran Ready Mix Concrete)
Date Posted: 2014/09/01
Ali Ahmad
by Ali Ahmad , General Manager , Care Pipes (Pvt) Ltd

A debit note is a commercial memorendum issued by a buyer to seller, and a credit note is a commercial memorendum issued by the seller to buyer

Mohammad Ferdoush Mahmud
by Mohammad Ferdoush Mahmud , Manager HR And Administration , Cherryfield Trading Limited

Debit note is a memorandum which is use to charge the expense from seller. By issuing debit note buyer request the seller to repay the amount which buyer expended on behalf of seller.

Credit note is the confirmation from seller that seller agreed to pay the amount. 

Both debit & credit note have verious use in the business transation.

SARASWATHI PRABHU
by SARASWATHI PRABHU , Assistant Manager , SCOPE INTERNATIONAL PVT. LTD

A debit note is a note indicating the amount owed by a person or company. 

 A credit note is a form or letter sent by a seller to a buyer stating that a certain amount has been credited to the buyers account

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