What is Debit Memo & Credit Memo in Payables?
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Answer Posted / mohd shahreza izzwan b. mohama
debit note is a debit memo send to supplier by us
(they creditors)for a purpose to reduce the amount we owe;
for the reason the product we received were damaged.
*purchases
credit note is a credit memo sent to customer by us
(they debtors) for a purpose to reduce the amount they owe;
for the reason the product they received were damaged.
*sales
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