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why debit notes and credit notes are passed?
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Answer Posted / kutti
As we know we carry on business and recording transaction
which mainly inculde sales and purchases we make.
So the debit note is raised when we return the good which
we have purchased , and credit note is raised when we
receive the goods which may be damaged in trasit by the
customer, when sales are made.
so in simple, debit note is one for return the goods when
purchased, and credit is one for receiving the goods from
the customer for which we have sold
| Is This Answer Correct ? | 82 Yes | 22 No |
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