Question

What is credit note and debit note in tally?

Answer 1

Easily Create Debit and Credit Notes in Tally. Debit and Credit Notes are a part and parcel of daily transactions of any business. In simple words, when there are Sales Returns or Purchase Returns in a business, debit and credit notes are used

Answer 2

Debit Note and Credit Note are used while the return of goods is made between two businesses. Debit Note is issued by the purchaser, at the time of returning the goods to the vendor, and the vendor issues a Credit Note to inform that he/she has received the returned goods.