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DEBIT AND CREDIT NOTE

This query is : Resolved 
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(Querist)
17 July 2008




what is THE DEBIT NOTE & CREDIT NOTE & DIFFERENCE BETWEEN THESE TWO?
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
17 July 2008 Debit note is issued when the issuer debits the amount of the note to the other party. Credit Note can be construed accordingly.

Debit note of the issuer can serve as a credit note for the receipient

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