Answer Posted / vijay inamdar
credit memo is as similar as money back to your account.
For Ex. If you did excess payments ( the difference between
PO price and Account Transfer price) to the vendor than the
actual payment or under some circumstances vendor is
returning some amount to your account, for this you need to
maintain one account type, that account type is called
credit memo.this may be just to identify why and from where
the money has been posted in your account.
If this is not maintaind, at the valuation level
conflicts in payment differences may arise.
If not please correct me.
| Is This Answer Correct ? | 17 Yes | 6 No |
Post New Answer View All Answers
Outline the functions supported by material master?
What is batch information cockpit?
Mention what is the transaction code used to extend the material view?
How will you transport release strategy from quality server to production server? Will you transport it from one server to another?
Explain the basic 'organizational structure' in mm?
How do planned and unplanned consumption affect movement types?
Differentiate between contract and scheduling agreement
What is split valuation? When is it used?
How will you add new criteria to a condition type for pricing?
What unique insight into this upgrade does infotrellis have that other vendors don’t have?
difference between mto
What mrp (material requirement planning) list is and what is the transaction code to access mrp list?
Explain batches. How would you search them?
What is dunning procedure? How can it be configured?
Explain the 'purchasing group' concept in mm?
