Answer / vikas tanwar

if party/company charge the high price of goods after
committment of low rate or over rated in there goods or
product.then we make a debit note to recover the amount
from the party/company.
and if we are rating high price of our goods/products after
commitment of low rate so we make Credit Note to give the
amount as per our agreement.

Answer / raghu

when we debit in our books its called as debit note and when
we credit in our book its credit note

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