what is the defference between credit memo and debit memo

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what is the defference between credit memo and debit memo..

Answer / santhaebenezar

creditmemo:
this is the negative amount after creating the standard
invoice supplier gives the discount

debit memo:
this is also negative amount where company will deduct the
amount from standard invoice due to bad quality or
delivery delay

Is This Answer Correct ?    10 Yes 0 No

what is the defference between credit memo and debit memo..

Answer / rb

Credit Memo : An memo to customer representing credit
towards already invoiced goods and services ( treated
negative wrt invoice)

Debit Memo : An invoice you enter for a customer towards
charge for goods and services not included in original
invoice ( treated positive wrt invoice)

Is This Answer Correct ?    8 Yes 3 No

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