| Debit Note | Credit Note |
| 1. Debit note is made if the buyer is undercharged in the invoice for any reason viz-error, omission etc. | 1. The credit note is made if the buyer has been overcharged in the invoice and to amend the error which is made. |
| 2. It is prepared with ordinary ink which is used in our daily routine | 2. It is either written in red ink or is printed red in colour. |
| 3. The amount of the debit note is debited in the account of the buyer. | 3. The amount of credit note is credited in the account of the buyer. |
| 4. The purchaser has to make more payment than invoice amount i.e., the number of invoice increases. | 4. The purchaser has to make less payment than invoice amount i.e., the number of invoice decreases. |
| 5. The employees of the seller give information about the error. | 5. The error is pointed out by the complaint letter of the buyer. |
