In Accounts Payable credit memo and debit memo are entered
with -ve amount but in Accounts Receivable why credit memo
has -ve amonut and debit memo + ve?
- 6 Answers
- 49343 Views
- Silicon Valley, I also Faced
- E-Mail Answers
Answer Posted / swathi
In Oracle terms
credit memo and debit memo decrease the liability and they
are applied against an invoice.
The only difference is
credit memo is initiated from supplier end
Debit memo is initiated from our end.
If we want to increase the liability in payables either you
have to create a seperate invoice or do some workaround to
achieve it through DM/CM.
IN Receivables the concept is pretty clear as credit memo
has -ve amount and debit memo is +ve.
| Is This Answer Correct ? | 50 Yes | 7 No |
Post New Answer View All Answers
What is gap analysis, how do you defined. What are the pre-requisities?
How to refund for a customer who returns goods and wants a refund for $600 in R12 In above scenarios customer does not want Credit Memo or On- Account Credit, he wants refund check . and as we know we do not issue check from AR. How can we issue Check from AP and how offsetting is done for the same in R12
How do u bridge the gaps in functional understanding of AP,GL,FA. explain with some live examples.
On what different real time issues you worked while doing P2P cycle implementation?
explain with examples what r the roles & Responsiblities of a functional consultant who reviews the Test Scripts, Test Cases and Test Execution Results of AP, FA and GL.
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)"
what is the difference between before pages trigger and after parameter trigger in reports ?
Explain Customer Creation and Maintenance Process. Provide samples of customer master records with Payment Terms.
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.
how we can stop the transaction for not transfer to the reporting ledger at the time of entering the transaction in pl
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.??
How do you adjust receivables?
What is the use of operating unit, while configure multiorg?
what is the difference between bonus reserve and bonus expense
How to Reconciliation AP to CM ? How to Reconciliation AR to CM ?
