What is Debit note and Credit note

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Debit note is a document sent by a buyer to a seller to request a credit for overcharged amount. Credit note is a document sent by a seller to a buyer to reduce the amount owed.

Debit note is sent by the buyer to request a credit for overcharged amount
Credit note is sent by the seller to reduce the amount owed by the buyer
Debit note is issued when goods are returned or when there is a pricing discrepancy
Credit note is issued when there is an overpayment or when goods are returned
Both debit and credit notes are used in accounting to adjust accounts payable and accounts receivable

What is Debit note and Credit note

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