debit note and credit note

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Querist : Anonymous (Querist)
07 February 2011 What are the accounting entries to be passed for debit note and credit note?In which scenario are they issued?What attachments should be there for filing them?

07 February 2011 debit notes and credit notes are issued at the time of return of goods. the person who returns the goods (i.e. debtor) issues debit note and the person who accepts the return ed goods (i.e. creditor) issues credit note
Regards, CA Shakuntala Chhangani



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