Debit note and credit note: Guide to Debit Note vs Credit

Guide to Debit Note vs Credit Note. Here we discuss the top differences between them with infographics and comparison table. To understand the difference between debit note and credit note, you need to know their meanings correctly. In this article, we have compiled all the important differences between the two terms along with their meanings. Learn the key differences between debit notes and credit notes, two documents used in business transactions to adjust invoices or accounts. Find out when and how to issue them, and their impact on GST, accounting, and tax. Businesses use debit notes and credit notes as official documents for accounting sale return and purchase return transactions. These notes inform the buyer how much credit they have or how much further they owe to the vendor.