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What is debit Note and Credit Note ?

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Question added by Deleted user
Date Posted: 2014/09/07
Murtaza Kalabhai
by Murtaza Kalabhai , Accountant , Al Raj Mobile Phones Trading L.L.C

Debit note is issued by buyer to seller for return of purchase on credit, for requesting credit note,

Credit note is issued by seller to buyer,  for return of sale on credit, for discount in amount payble

Kripesh Krishnan Kutty Nair
by Kripesh Krishnan Kutty Nair , Merchandiser , Al Seer Group

In a simple view, debit note means purchase return and credit note means sales return.

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