What is Debit Note and Credit Note? Complete Guide
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A Debit Note and Credit Note are essential documents used in accounting to adjust or correct transactions. A Debit Note is issued by a buyer to the seller when there is a need to increase the amount owed, often due to returns, pricing errors, or additional charges. Conversely, a Credit Note is issued by the seller to the buyer when the amount owed needs to be reduced, typically due to returns, overbilling, or discounts.
Difference Between a Debit Note and a Credit Note - Free Online Invoicing & GST Billing Software - EazyBills Business owners might get confused about the difference between debit note and credit note. However, these two play contrasting roles. Debit note and credit
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