Answer / srinibas

unlike AP MODULE where there is no difference between a
debit memo and credit memo in AR module we have to enter a
-ve amt for credit memo and +ve amt for debit memo
debit memo is similar to an invoice and it is just in
addition to an original invoice.when we forget to add a
fright or other charges to an invoce we later charge it by
creating a debit memo
in case we charge more than the product value we have to
reduce it by creatine a credit memo.or a customer returns
some goods we have to reduce recevable by creating a credit memo

Answer / prasadrao.ladella

In AR Module "Dr memo" is raised by the Vendor to collect amount from the Customer for Freight charges etc, it is positive amount.it increases liability, becoz customer needs to pay amount
where as "Cr memo" is can be raised by Vendor to returned amount to customer for damaged goods or duplicate bill etc,
it is followed with negative symbol.it decreases liability of customer, becoz amount will be returned to customer and it will be added to his balance.

Answer / kamran zaidi

A debit memo is created for the services which have already
been provided to the customer or on the expenses which
already have been made the company and now they want to get
the amount from the client. Important thing to note here is
that the amount on the debit memo does not add to the
revenue of the company.
Credit memo is created for deducting the billed amount may
be in case of return of good or if more amount have been
billed earlier.The amount on the credit memo is placed in
negetive.
This credit memo is then tagged to the earlier bill which
has to be corrected.

If scenario I assigned default Mo operating unit and Mo security profile is b so what can able to see in operating unit in payable?

1 Answers   Deloitte,

---

Why Retained Earning Account is necessary for the set of book creation while implementing oracle new business.

4 Answers  

---

What experience do you have in FA Module Implementation?

1 Answers  

---

Is it possible to change the functional currency during the mid of financial year ?

9 Answers   Oracle,

---

What are the steps and control checks in posting journal entries ?

1 Answers   Oracle,

---

What is meant by pay on receipt auto invoice?

4 Answers  

---

If the client is totally dependent on manual on Manual transactions then Is the auto-accounting rules Mandatory?

1 Answers  

---

When a liability to supplier create in oracle apps

3 Answers   GTL,

---

what is the difference between before pages trigger and after parameter trigger in reports ?

0 Answers  

---

Do you receive deposits and/or prepayments?

3 Answers  

---

what is the impact if i wrongly assign the account type to an segment value in oracle apps r12?

1 Answers   Dhanush Infotech,

---

In FA module..Once we added assets...we dont want depreciation few of assets.but other assets we will run dep monthly.So how we can stop dep for few assets.

2 Answers   4i Apps,

---