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
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