Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What is Debit Memo & Credit Memo in Payables?

Answer Posted / babitha

Debit memo and credit memo are used in payables to reduce
the supplier balance when ever goods are returned.

Credit Memo is send by the supplier to reduce his
liabilites.
Debit Memo is created by the purchasing organization when
ever supplier does not send credit memo for purchases
returns.
Debit memo and Credit memo matched to Purchased invoice
(standard invoice)

Is This Answer Correct ?    2 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is gap analysis, what are the pre-requisities?

1252


What kind of budgets have you worked on?

2371


could you please post some work around that any body have done in the financial modules.

2097


How do you adjust receivables?

2188


Define the activities of the Configuration Manager (AP,GL,FA) in the team. Give examples

2516


What is the procedure for requition import?

2356


What is the use of hr: user type, while configure multiorg?

1082


What is Work Flow of AP,AR, Sales & Purchase

2492


Hi I'm new in ERP - Oracle Application i appriciate if any one help me in this issue i need SQL to get badeget balance Acutal Balance Encumbrance Balance fund Avalable thanx ahmed

2101


how service tax work.

2405


What are the types of setups in apps inventory module

2447


Give examples & explain the below mentioned activity. "Analyzing the documents provided by the client and thereby identifying the test cases to be tested for the application assigned (FA, AP and GL)"

2287


can any one tell me what exactly functional consultant do on daily basis? client requirements?

966


What is the Use of Grouping Rule in Receivables ? is it mandatory field ?

1551


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

1665