What is deinition of Debit Note and Credit Note?

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manisha sandel

  • Sep 21st, 2011
 

debit note means in which detected the purchases=purchases-purchases returns

credit note means in which detected the sale = sale -sale return that will we create the dr. and cr. note

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jk latha

  • Nov 30th, 2011
 

Debit note is an note which is issued from the customer/ party for short/rejetcted matl amt.

Credit note is an note which is also issued by the customer /party for excess matl reced amt.

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Dasari Santhosh

  • Jun 19th, 2012
 

Debit note:when the goods are returned to the supplier, a debit note is sent to him indicating that his a/c has been debited with the amount mentioned in the debit note.

Credit note: the customer when returns the goods get credit for the value of the goods returned. A credit note is sent to him intimating that his a/c has been credited with the value of the goods returned

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