What is Debit Note & Credit Note?
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Answer / joginder singh
. A transaction that reduces Amounts Receivable from a
customer is a credit memo.For eg. The customer could return
damaged goods.
A debit memo is a transaction that reduces Amounts Payable
to a vendor because, you send damaged goods back to your
vendor
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Debit Note - this note is prepared in order to debit a creditor.
Credit Note - this note is prepared in order to credit a debtor.
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Answer / raju
debit mean -the good sent to the suplier when it is damaged the good on the transport or excess of good then call as debit
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