Discuss briefly the following : a) Debit Note b) Credit Note

1.	Discuss briefly the following : a) Debit Note b) Credit Note
Answer» a) Debit note: Debit note is a commercial document issued by the buyer to a seller as an invoice in order to adjust the amount. Debit note is a document used by a vendor to inform buyer current debt obligation. b) Credit note: Credit note is a document that inform the buyer that his/her account has been credited with the particular amount.

Answer»

a) Debit note: Debit note is a commercial document issued by the buyer to a seller as an invoice in order to adjust the amount. Debit note is a document used by a vendor to inform buyer current debt obligation.

b) Credit note: Credit note is a document that inform the buyer that his/her account has been credited with the particular amount.

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Discuss briefly the following : a) Debit Note b) Credit Note

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