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
- 51887 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 r issues faced in gl
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.??
I am traying to access oracle functiona/ technical interview questions asked by the consultancy "infosys", but i cant find anything when i go the to the links, i need the oracle erp techno functiona questions pls, Thanks, in advance Tovia
