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Debit note is an intimation sent to a person dealing with the business that his account is being debited for the purpose indicated therein. It is a note made out with a carbon duplicate. The original one is sent to the party to whom the goods are returned and the duplicate copy is kept for office record.
Credit note is an intimation sent to a person dealing with the business that his account is being credited for the purpose indicated therein.
Debit Note Means Return Incentive From Dealers Like Discount, Schme.
Credit Note Means Give Incentive Like Discount, Gift, Scheme to Dealer
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