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what is the difference between credit and debit note?
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Answer Posted / lettie
when we buy goods from suppliers our accont is credited so
if we return the goods or when we have been overcharged by
the supplier our account will be debited and a debit note
will be issued to us
when someone buys goods from us we debit his account so
when he returns the goods to us whether faulty or they are
more than what he ordered we credit his account and that is
when a credit note is issued to him
| Is This Answer Correct ? | 14 Yes | 13 No |
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