What is Credit note | Record Sale Return Entry In TallyPrime

Credit note document is prepared by the suplier on receiving the goods returne By the customers/debtors. 

The situation of issuing credit card occurs when the customers are dissatisfied and return the goods to the supplier and the sellers have to payback money. 

It directly has a negative effect on the sellers accounting balance. The credit note informs clients about the credit provided in their account.

What is the difference between credit note and debit note?

The main difference between credit note and debit note is that credit notes record money that sellers owe to a client and debit notes record money that a client owes to sellers.

When purchase is return a debit note is issued, while a credit note is issued when there is a sales return

credit note

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