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InterviewSolution
| 1. |
difference between debit note and credit note |
| Answer» Debit Note- Minimization in account payables. Credit Note- Minimization in account receivables.<br><th>BASIS FOR COMPARISON</th> <th>DEBIT NOTE</th> <th>CREDIT NOTE</th> \t\t\tMeaningDebit Note is a document which reflects that a debit is made to the other party\'s account.Credit Note is an instrument used to inform that the other party\'s account is credited in his books.Use ofBlue InkRed InkRepresentsPositive AmountNegative AmountWhich book is updated on the basis of note?Purchase Return BookSales Return BookEffectMinimization in account receivables.Minimization in account payables.Exchanged forCredit NoteDebit Note\t | |