Order to Cash Business Process Owner Interview Questions and Answers

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 retur...read more