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Debit Notes are Transactions signifying a payment that your Customer Owes you, just like Invoices. In fact structurally they are very much like Invoices. Though they have a different meaning. Invoices always depict Sales or Service rendered , while Debit Notes on the other hand are used for deducting money from your Customer's Account without a sale being made.
Debit Notes are always raised for doing adjustments in the Accounts and is not for invocing a sale to Customer. Invoices are always raised against the sale.
DEBIT NOTE PREPARED WHEN THERE IS ADJ. ON CUST. ACCOUNT
LIKE PRICE DIFF/WRONG QTY INVOICED. IN INVOICE IT WILL DIRECTLY ENTERED IN
SALES INVOICE MODULE. AFFECTING CONTROL ACCOUNT A/R AND SUB.LEDGER OF
CUSTOMER+ COST OF INVENTORY.
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