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what is the difference between credit and debit note?
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Answer Posted / zakir khan
what entry will be passed when we create Credit Note
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Expand-------BANT
A----------involves transfer of money or moneys worth from one person to another
Received credit note for Rs 3500 towards transport charges on the goods supplied from Vinod traders. The transport charges were already paid at the time of delivery. Pass entries at the time of payment of transport and for credit note
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