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Answer Posted / knj
A Debit Note or Credit Note is a subsidiary document which
is prepared by an organisation for debiting or crediting
afterwards its debtors'/creditors' A/c after issuing the
main document of sale or purchase. It may be against Rate
Difference,for some additional charges or levies,for
reimbusing an amount which has been expended by the
debtor/creditor on behalf of that organisation. In other
words it may be defined as an subsidiary document which
takes place for debiting/crediting the concerned
debtor/creditor after the main document for transaction has
already been issued.
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