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Querist : Anonymous

Querist : Anonymous (Querist)

16 July 2012 what is the difference between credit note and debit note?

Amol S Joglekar

Amol S Joglekar (Expert)
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16 July 2012 The note (LETTER) containing credit for the addressee is called CREDIT note and debit for the addressee is called DEBIT note.

CA BHARATH KUMAR

CA BHARATH KUMAR (Expert)
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17 July 2012 When the purchaser returns the goods to the seller the Purchaser sends a Debit Note to the seller (ie. the purchaser debits the seller in his books ie. Purchasers Books) and the Seller sends a Credit Note to the purchaser (ie. the seller credits the Purchaser in his Books ie. Sellers Books).

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