Ques:- What is meant by debit and credit note?
Asked In :-
Xoriant Solutions Pvt Ltd, Shipco IT, STIC SOFT E-SOLUTIONS, Codiant Software Technologies, Dhruvsoft Services, QuickXpert Infotech, Head Field Solutions, Principal Global Services, Uolo Technology, Shipmnts,
Right Answer:
A debit note is a document issued by a buyer to a seller, indicating a return of goods or a reduction in the amount owed. A credit note is issued by a seller to a buyer, acknowledging a return of goods or a reduction in the amount due, effectively reducing the buyer's debt.
A debit note is a document issued by a buyer to a seller, indicating a return of goods or a reduction in the amount owed. A credit note is issued by a seller to a buyer, acknowledging a return of goods or a reduction in the amount due, effectively reducing the buyer's debt.