Difference Between Debit together with Credit Note
The deviation betwixt debit together with credit banking concern bill is explained every bit follows:
1. Meaning
blogspot.com//search?q=debit-note-credit-note-helps-in">Debit note is a banking concern bill sent past times ane political party to simply about other informing him that his trace of piece of occupation organisation human relationship is debited inwards the sender's book.
blogspot.com//search?q=debit-note-credit-note-helps-in">Credit note is a banking concern bill sent past times ane political party to simply about other informing him that his trace of piece of occupation organisation human relationship is credited inwards the sender's book.
2. Details
Debit banking concern bill contains details every bit to why the political party is debited together with the amount of debit.
Credit banking concern bill gives details every bit to why the political party is credited together with the amount of credit.
3. Acknowledgement
Debit banking concern bill requires an acknowledgement from the receiver past times a credit note.
Credit banking concern bill requires an acknowledgement from the receiver past times a debit note.
4. Written inwards which Ink?
Debit banking concern bill is normally typed or written inwards blue ink.
Credit banking concern bill is normally typed or written inwards red ink.
5. When Note is Sent?
When Debit Note is sent?
- Debit banking concern bill tin endure sent past times buyer when he is overcharged.
- It tin endure sent past times buyer when he returns dorsum the goods.
- It tin endure sent past times the seller when he has undercharged the buyer.
When Credit Note is sent?
- Credit banking concern bill tin endure sent past times the seller when he has overcharged the buyer.
- It tin endure sent past times the seller when he receives dorsum the goods.
- It tin endure sent past times buyer when he has been undercharged.
6. Effect of Note
The number of a debit banking concern bill is that the debit trace of piece of occupation organisation human relationship gets to a greater extent than debited together with credit trace of piece of occupation organisation human relationship gets reduced.
The number of a credit banking concern bill is that the credit trace of piece of occupation organisation human relationship gets to a greater extent than credited together with debit trace of piece of occupation organisation human relationship gets reduced.
