The following are the differences between debit note and credit note:
1.A memo sent by one party to inform the other party that a debit has been made to the seller’s account, in buyer’s books, is known as Debit Note. A commercial document which is sent by one party to inform the other party that a credit has been made to buyer’s account, in seller’s books is known as Credit Note.
2.Debit Note is written in blue ink while Credit Note is prepared in red ink.
3.Debit Note is issued in exchange for Credit Note.