what is the defference between credit memo and debit memo
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Answer / kranthioracle
In Payables
Debit memo will be rised by us, credit memo will be rised
by the supplier. Both memos increases the Laibility of the
Suppliers.
we will rise dedit memo when u return the good to supplier.
credit memo will be rised by supplier for any damaging
goods, discounts etc.
In Receivables
Credit memo- will be rised when ruturned goods from the
customer. it derceases the Receivable A/C of the customer
Debit memo- it increses recevable A/C of the customer(Any
additional charges)
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / mry
these are the invoices. when company is going to give the
discount or incentives to the supplier credit memo invoice
will be raised and company is deducting any amount towards
the supplier then debit memo invoice will be raised
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / amit
In case if the over payment is done for any particular
purchase order, then a creditr memo for a overpayed amount
is raised against that particular supplier....
| Is This Answer Correct ? | 0 Yes | 1 No |
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