A debit note serves two purposes - it is a record of the dues which are pending on the purchaser currently and it is a document which is created by the buyer when he/she returns goods received on credit. Now that you know what is meant by debit note, you should also find out information it holds and other crucial details related to the debit notes in business to business transactions.
What is meant by debit note and credit note?We have already talked about debit notes. Let us look at what are credit notes before jumping on to the particulars that a debit note holds.
A credit note is an intimation issued by the seller to the buyer about credit being applied to their account.
Information given in a debit note:Details related to an upcoming invoice
Reminder for currently due funds
Total anticipated credit
Inventory of returned items
Reasons for any returns
I hope now you what is meant by debit note and credit note.
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What is meant by debit note?
Rishabh
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2021-11-08T15:26:34+00:00 2021-11-08T18:50:25+00:00Comment
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