honourable persons could you please tell me what is the make credit note and debit note the how was it is used
4 Replies
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 17 October 2021
Sales return is debit note
Purchase returns is credit note
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 17 October 2021
Your welcom
when seller gets goods returned, he receives a debit note.
then seller gives the buyer a credit note.
its simple to understand,
Purchases debit
purchases returns credit
sales credit
sales return debit
it is described in many ways, what is important is our books of accounts.
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