What Is Disbenefit Note and Credit Note then we’re furnishing complete details for Disbenefit Note and Credit Note. In this composition you can find all details related to Disbenefit Note and Credit Note like Meaning or description of disbenefit note, when we issued disbenefit note. Description or meaning of Credit Note, When a credit note is issuedetc.

What’s a disbenefit note?

Disbenefit note is a document issued by the purchaser of goods to the dealer. Generally it takes place in returning the goods that are bought on credit base Disbenefit note consists of numerous details about the Goods returned. Like total number of volume and price, any trade abatements, special abatements allowed at the time of purchase.

From account point of view Disbenefit note indicates that the account of the party to whom it’s being issued, is debited in the books of the sender of disbenefit note. Disbenefit note is used for reducing the receivables that we’ve to get from any party like our debtors.

Credit Note

Credit note is a note transferred by the dealer/ Supplier admitting that he has entered the goods returned by the client Credit note indicates that the account of the party to whom it’s issued, is credited in the books of accounts of the party by whom it’s issued. (Supplier).

Accounting entries :

Accounting treatment is as same as stated in above paragraph. But for better interpretation we can look into that from seller’s point of view.