Credit Note and Debit note Differences Explained in Tamil with Examples

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Here we discuss about Debit Note and Credit Note:

Purchase and sale transactions occur in day to day life, and so does the returns are made by many customers, when the find the products are not up to their requirement. 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.
When the goods are returned to the seller or supplier, a debit note is issued to him which indicates that his/her account has been debited with the respective amount. On the other hand, when a customer returns goods, a credit note is issued to him which shows that his account has been credited with the amount indicated in the note

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