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application of debit & credit note . when , where & why.
Debit note is the reimbrusening of the client invoice to customer services. Credit note is the recepit note from the customer through claiming of all overheads and all other exp.
when we use F-43 or FB60 for posting Vendor Invoices (Document... Mine is specific to T-code FB10.
Hi,
I am S.I.Pandian from Chennai - a Business Consultant - My answer to your question is
Application of Debit Note and Credit Note
When -If you wrongly invoice your Client without tax - then you can raise a Debit note indicating the Invoice No with the Tax Amount- No need to raise a
revised Inovice
Where - If you wrongly invoice your Client with extra tax % - then you can raise a Credit note indicating the Invoice No for which Extra tax is levied - No need
to raise a revised Inovice
Why - The reason behind is - depends on the situation. If you send the Invoice through some Cargo/Lorry or some Transporatation this will be proceesed in various check post and it pass thorough the various tax authorities, henc you can not raise a revised invoice. That is why we raise Debit note( for Shortage of amount in Invoice) or Credit note for Excess amount wrongly charges in Invoice.
I hope this will be easy for you to understand.

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