Answer / avinash s m

Both Debit Memo and Credit Memo is possible in the Accounts
Payables.
You can raise Debit Memo in the following reasons to a Supplier
a. Materials Rejection
b. Reduce in the Purchase Charges such as Tax, Fright,
Carriage and so on
c. Quality of the material or delay in the supply of
materials caused to stop the production line

You can raise Credit Memo in the following reasons to a Supplier
a. Increase in the Purchase Charges
b. Late Payment or Cheque Bounce Charges

Answer / mohd shahreza izzwan b. mohama

debit note is a debit memo send to supplier by us
(they creditors)for a purpose to reduce the amount we owe;
for the reason the product we received were damaged.
*purchases

credit note is a credit memo sent to customer by us
(they debtors) for a purpose to reduce the amount they owe;
for the reason the product they received were damaged.
*sales

Answer / oracle champions

Best answer found in this link
http://www.oraclechamps.com/oracle-functional-documents/261-oracle-financials-debit-momo-and-credit-memo.html

Answer / mahamood

credit memo means credit note and debit memo is debit note

Answer / jharsa

Debit Note: Debit note means, it is a note raised by the
when goods returned by the debtor i.e. by the customer who
bought goods from seller.

Answer / mohammad sarwar

What is major difference between Bank and Bank Account?
Bank is the place which we submit our cash or check and
Bank Account in the code of items or person.

Answer / parveen

DEBIT MEMO MEANS A DOC. WHERE WE RETURNS THE GOODS & ADJUST
THE AMT WITH BILL IT IS IN CASE OF PURCHASE OF GOODS

CREDIT NOTE IS SAME BUT IT IS IN CASE OF SALE.

Answer / mohammad sarwar

Debit memo raise by customer and credit memo is raised by
by supplier in order to ractify the balance of supplier and
customer

Answer / babitha

Debit memo and credit memo are used in payables to reduce
the supplier balance when ever goods are returned.

Credit Memo is send by the supplier to reduce his
liabilites.
Debit Memo is created by the purchasing organization when
ever supplier does not send credit memo for purchases
returns.
Debit memo and Credit memo matched to Purchased invoice
(standard invoice)

Answer / sheetal

debit memo is issued when we want money from supplier and
supplier issues credit memo.
debit memo for under payment and credit memo for over
payment.

Hi, I have the problem with Trial balance summary1 report.When i am trying to print the Trial balance summary1 some posting transactions not appering for Period 14.Can you please tell me what was the problem?

2 Answers   Wipro,

1. what is receipt class

1 Answers   Arihant,

one employee went on site , we given to him 1000 through prepayment . but i final spends amount is 800, then what about remaining 200 , how can we refund to organisation. through debit memo or credit memo, or , prepayment or if any, please give me best solution , if any one know this question answer reply me this mail, nmallioracle@gmail.com

1 Answers   Polaris,

What is the way in which a Trial Balance of a company be loaded into Oracle; assuming that there are no sub-ledger transactions to be loaded?

1 Answers  

What Are The Important Reports In GL?

4 Answers   IBM,

what is the difference between bonus reserve and bonus expense

0 Answers   CSC, EE Limited,

What is Difference between Auto Copy Journal and recurring journal?

0 Answers   Evo Tech,

Is it same primary ledger data and seconday ledger data should be same or differnt?explain

5 Answers   4i Apps,

What is Proxima Payment Terms?

4 Answers   HCL, IBM, TCS,

What is meant by receipt routing? Types?

5 Answers  

Can we implement MRC at Payables?

4 Answers  

how to set the interset for the supplier?

3 Answers