What is difference between debit memo and credit memo?
Answer Posted / nagesh
In AP Module Both Debit memo and Credit memo reducing the
amount towards the supplier.
While entering the Debit and Credit memo both r taking
negative amount and Payment term has to be Immediate.
Debit memo raised by Organization.
Credit memo raise by Supplier.
Is This Answer Correct ? | 29 Yes | 4 No |
Post New Answer View All Answers
What is the Invoicing System in Oracle R12
how to do customization while doing oracle implementation. what is the role of functional consultant in customization?
What is meaning of deprecation?
What is Reporting of financial data in a project.
what is the meaning of purchase default and what are the types
difference between primary ledger and secondary ledger in r12
What is the entry in oracle apps ap,ar,gl for following transations1.one pipe purchase at rs.1002.one pipe sales at rs.150
what is VAT claim process?
What are the types of setups in apps inventory module
What is Work Flow of AP,AR, Sales & Purchase
What is the Process of Reconciliation Between AP to GL
How to refund for a customer who returns goods and wants a refund for $600 in R12 In above scenarios customer does not want Credit Memo or On- Account Credit, he wants refund check . and as we know we do not issue check from AR. How can we issue Check from AP and how offsetting is done for the same in R12
What is the Use of Grouping Rule in Receivables ? is it mandatory field ?
What is the procedure for requition import?
There is employee X and employee Y (who is supervisor of X); when Y submits expenses how will the system ensures that this should not go to X even if he has the approval authority.