Answer Posted / srini
Scenario is like this, If you have raised a PO for an Item qty 100. For which terms and conditions with vendor says that the delivery will be made in 2 installments and when he sends first installment, he needs full payment for the PO. As per terms you paid total invoice amount to vendor. Now for some reasons you want cancel the rest of items delivery. Now, you have to raise a credit note stating the cancellation of order and request vendor to forward the credit memo. Once you receive credit memo you post it in the system, which will clear GR/IR accounts which was arise during full payment for the PO.
| Is This Answer Correct ? | 13 Yes | 0 No |
Post New Answer View All Answers
Explain the 'valuation area' concept in mm?
List the steps involved in automatic account assignment configuration.
Explain 'split valuation.' Why is it necessary?
What is the purpose of gr/ir account while posting good receipt and invoice verification?
How is scrap material taken care of in sub-contracting?
A stock transfer was done between two plants belonging to same company code and between two plants belonging to different company code. What will be the difference between the two?
What us purpose of unit of measurement in basic data, sales data, and purchase data. Same thing can be maintained differently at three places.
What information is available in the 'accounting view' of a 'material master'?
What is an 'mrp area'?
What is the importance of the batch record?
hello guys, could you tell me the few difficult tickets that you have solved in SAP MM??
What is split valuation?
Where do we define payment terms in po?
Hi, I have 7+years experience In purchasing a new and doing sap-mm training, how is market for mm and how to find job as sap consultant, Pl help,
State the importance of classification data?
