Exploring the Difference Between Debit Notes and Credit Notes

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Exploring the Difference Between Debit Notes and Credit Notes" delves into the fundamental distinctions between these two important financial documents. A debit note is issued by a buyer to the seller, typically to request a reduction in the amount owed due to returned goods or discrepancies. In contrast, a credit note is issued by the seller to the buyer, acknowledging an adjustment or refund for returned items, overcharges, or pricing errors.