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Goods Received Note (GRN)

A credit invoice, also known as a credit note, is a document issued by a seller to reduce or cancel the amount owed by a buyer from a previous invoice. It serves as an adjustment to an earlier transaction, reflecting changes such as discounts, refunds, or returned goods. Credit invoices are commonly used to maintain accurate financial records and ensure that both buyer and seller accounts remain balanced.

Accounting

Debit Note: Meaning, Format & Example

A credit invoice, also known as a credit note, is a document issued by a seller to reduce or cancel the amount owed by a buyer from a previous invoice. It serves as an adjustment to an earlier transaction, reflecting changes such as discounts, refunds, or returned goods. Credit invoices are commonly used to maintain accurate financial records and ensure that both buyer and seller accounts remain balanced.

Accounting

What is a Credit Note? Meaning, Format & Example

A credit invoice, also known as a credit note, is a document issued by a seller to reduce or cancel the amount owed by a buyer from a previous invoice. It serves as an adjustment to an earlier transaction, reflecting changes such as discounts, refunds, or returned goods. Credit invoices are commonly used to maintain accurate financial records and ensure that both buyer and seller accounts remain balanced.

Bookkeeping

What is Petty Cash?

A credit invoice, also known as a credit note, is a document issued by a seller to reduce or cancel the amount owed by a buyer from a previous invoice. It serves as an adjustment to an earlier transaction, reflecting changes such as discounts, refunds, or returned goods. Credit invoices are commonly used to maintain accurate financial records and ensure that both buyer and seller accounts remain balanced.

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