Order to Cash Business Process Owner

Order to Cash Business Process Owner Interview Questions and Answers

Updated 24 Aug 2022

Q1. What is Debit note and Credit note

Ans.

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

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