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what is the difference between credit and debit note?
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Answer Posted / haragopal naidu
Debit Note or Debit Memo is one which debits to the Account
of either a Supplier(Creditor) or Customer(Debtor.
Credit Note or Credit Memo is one which credits to the
Account of either a Supplier(Creditor) or Customer(Debtor.
Debit Note and Credit Note can be used Supplier Accounts as
well as Cutoers Accounts as per the requirement.
There is nothing like Debit Notes are to be used only for
Supplier Accounts & Credit Notes are to be used only for
Cutomers Accounts
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