What is meant by a credit memo?

Answer Posted / satrajit chatterjee

If by mistake you have paid more to the vendor, then for
return that money back, in SAP system you have to rise an
cradit memo request to the vendor. if vendor accepts it,
then its converted to cradit memo. paralallay from vendor
side its debit memo request or debit memo. this cradigt
memo can be adjust by sending the fund back or adjustment
with next order payment.

Satra

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