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Debit Note vs Credit Note | Explained with Example

In this lesson, we explain what a Debit Note is, what a Credit Note is, and what their differences are. We explain where Debit Notes and Credit Notes are recorded and why they are created. We also go through a practical example of how Debit Notes and Credit Notes work. What is a Debit Note: 01:09 What is a Credit Note: 02:32 When is a Debit Note issued: 04:01 How do Credit Notes and Debit Notes affect accounts receivables and accounts payables: 06:56 Where are Credit Notes and Debit Notes recorded: 08:12 Example on Debit Note and Credit Note: 10:18 Check out other straightforward examples and business-related topics on our channel. We also offer one-on-one tutorials at reasonable rates as well as other accounting and tax services. Email us and/or visit our website or FaceBook page for more info. Connect with us: Email: [email protected] Our Website: https://Counttuts.com Our Facebook Page:   / counttuts   Support our Efforts: paypal.me/counttuts