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What is Debit Memo & Credit Memo in Payables?

Answer Posted / parveen

DEBIT MEMO MEANS A DOC. WHERE WE RETURNS THE GOODS & ADJUST
THE AMT WITH BILL IT IS IN CASE OF PURCHASE OF GOODS

CREDIT NOTE IS SAME BUT IT IS IN CASE OF SALE.

Is This Answer Correct ?    3 Yes 2 No



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