Question

importance of debit and credit note​

Answer 1

Answer:

debit note is a document used by a vendor to inform the buyer of current debt obligations, or a document created by a buyer when returning goods received on credit. The debit note can provide information regarding an upcoming invoice or serve as a reminder for funds currently due.

Answer 2

Answer:

A credit note is a commercial document issued by a seller to a buyer. Credit notes act as a source document for the sale return journal. In other words the credit note is evidence of the reduction in sales.

Debit note is a document/voucher given by a party to other party stating that such other party account is debited in the books of sender

Explanation:

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