In AR module
What is the difference between Debit Memo and Credit Memo ?
Answer Posted / 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.
Is This Answer Correct ? | 20 Yes | 1 No |
Post New Answer View All Answers
HI, once we create the standard invoice then we can get journal entry item expense a/c-dr to liability a.c then item it will reflect through inventory, but liability a/c . it will reflect from GL , it is possible .
On what different real time issues you worked while doing P2P cycle implementation?
Payables Applications Technical Reference Manual
What is the entry in oracle apps ap,ar,gl for following transations1.one pipe purchase at rs.1002.one pipe sales at rs.150
How to support projects life cycles details?
How will account an advance of Rs.10000/- which is a permanent prepayment, can I make payment for this?
I have created an invoice and made the payment in Accounts payable. Now the payment status is Negotiable and accounting status is processed. I reconciled the transaction in Cash Mgmt, The status changed from negotiable to Reconciled in CM. I checked the payment status for the invoice in payment window(AP), the payment status changed to RECONCILED UNACCOUNTED i.e correct but the accounting status is remain processed which is not the correct. I hope the transaction will be correct if the accounting status would have changed to PERTIAL . Please suggest any solution for the above query.
what is the meaning of purchase default and what are the types
What are the inventory report to check inventory status.
1.what is the name of program to create invoice automatic from po.? 2.How to auto upload the bank statement? 3.PO tax has not flown to invoice . why? Debit memo not generated for return of goods.??
What are register in India localisation?
what is the steps to customization ?
What is the Process of Reconciliation Between AP to GL
What is multi org? What is difference between 11i and 12i multi org structure?
can we define 2 different currency revaluation at a time??