What is difference between debit memo and credit memo?
- 2 Answers
- 22890 Views
- I also Faced
- E-Mail Answers
Answer Posted / shravan kumar
Unlike in AP MODULE where there is no difference between a
debit memo and credit memo.But in AR module we have to
enter a -ve amt for credit memo and +ve amt for debit memo
debit memo is similar to an invoice and it is just in
addition to an original invoice.When we forget to add a
fright or other charges to an invoice we later charge it by
creating a debit memo in case we charge more than the
product value we have to reduce it by creating a credit
memo. Or a customer returns some goods we have to reduce
receivable by creating a credit memo.
| Is This Answer Correct ? | 29 Yes | 6 No |
Post New Answer View All Answers
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.
How to support projects life cycles details?
Do you track and record relationships between customers e.g. franchises, subsidiaries etc.?
Explain Customer Creation and Maintenance Process. Provide samples of customer master records with Payment Terms.
What are the types of setups in apps inventory module
How do write a discoverer report to identify zero dollar suppliers/invoices where the supplier is on hold?
can any one tell me what exactly functional consultant do on daily basis? client requirements?
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.
1)What cannot be consolidated in GCS? 2) When you setup calendar in GL is it possible to change it?
What is the meaning holding tax?
SLA usage ans how to define setups?
What is gap analysis, what are the pre-requisities?
What is the db number of a particular customer TCA?
what is the steps to customization ?
Substitute receipts and Unordered Receipts
