What is the difference between the credit memo and Debit memo?
Answer Posted / rangamannar
Credit memo is used to reduce the customer balance (i.e) to
reduce the debit balance. discount allowed , sale return etc
are routed through credit memo. Upward price adjustment
w.r.t to sale invoice is routed through debit memo for customer
The reverse is for debit memo. (i.e) to reduce the suppliers
credit balance debit memo is used. Credit memo is used to
increase the purchase value of the bill out side the AP invoice
Is This Answer Correct ? | 15 Yes | 2 No |
Post New Answer View All Answers
what is the use of hr: security profile, while configure multiorg?
payment types and payment methods.
Difference between header level tax calculation and line level tax calculation
Explain Customization process?
What is the db number of a particular customer TCA?
Write Test Scripts for a telecummunication project on the basis of priority with some examples with regard to AP,GL,FA.
How do you adjust receivables?
how we can stop the transaction for not transfer to the reporting ledger at the time of entering the transaction in pl
What is the use of mo: security profile, while configure multiorg?
While assigning the security by book in oracle assets..i am unable ot get the asset org in security profile form.This asset org was already defined in org description window.
encumbrence set ups?
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.
could you please post some work around that any body have done in the financial modules.
I have a requirement where during the consolidation into USD (from GBP books) I want use two different exchange rates for two consolidations. Child SOB is same but the Parent SOB's are different. How can this be done in Oracle Financials? Answers will be Appreciable. Thank You.
I am working on PPR process to print checks. Currently the checks are printing for each supplier, supplier site and payment method group. My requirement is the invoice level one DFF is available (like A and B are the input values). Please let me know how include this DFF at invoice grouping level.