what is the difference between credit memo and subsequent credit memo

Question Posted / devaraj

4 Answers
14569 Views
Aditya, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

what is the difference between credit memo and subsequent credit memo..

Credit memo means after completion of invoice, returning material to vendor then we will raise credit memo.

But Subsequent credit means already done invoice if the value going to change with decreased value then subsequent credit memo will be raised.

Credit memo for quanity, where as subsequent credit/debit is for Value.

Is This Answer Correct ?

18 Yes

0 No

what is the difference between credit memo and subsequent credit memo..

Answer / tsv prasad

While return goods to vendor then we have to select credit memo and maintain required fields and post it.

After posting invoice verification we are able to reduce the amount from vendor account by selecting subsequent credit.

Is This Answer Correct ?

14 Yes

4 No

what is the difference between credit memo and subsequent credit memo..

Answer / amit batu

Credit memo: it can be used for vendor returns, Return delivery (via GRN) will be done and based on the PO and return delivery quantity.

Subsequent Debit/Credit: when the credit is not for the full amount.

Is This Answer Correct ?

0 Yes

1 No

what is the difference between credit memo and subsequent credit memo..

Answer / amit batu

Credit memo: It is used when you need to get some amount from vendor i.e. in case of return delivery etc.

Subsequent credit/Debit: It is used for the case when the credit is not for the full amount eg. if the Vendor decided to credit

Is This Answer Correct ?

2 Yes

4 No

Post New Answer

More SAP MM (Material Management) Interview Questions

When to use 351 STO and when to use 641

6 Answers IBM,

How do you post the goods if the po number is not known?

0 Answers

What information is available in the 'accounting view' of a 'material master'?

0 Answers

what are the data contained in the information record?

0 Answers

What is the difference between mara and mark?

0 Answers

How do you plan for a vendor rating system and move about?

3 Answers

Looking SAP MM Functional Training?

2 Answers

In a Hospital a material which is medisin they procured it and issue to CC and all stock is consumed. now stock is "0" Payment made to vendor company. but after 8 months all a batch testing govt. org. issues a circular that the batch which you have purchased is not effective. then Vendor company provided new material free of cost again. in this synerio how to inward that new stock. ?

4 Answers IBM,

Hi all I am vijay working in SAP MM module as an End user for the last 5 yrs.I have done a private course for SAP MM Configuration.Whatz are all the possibilities that i can change my role as a functional consultant? The required qualification for a consultant is atlst 1 E2E Impl. Cycle. I am not sure dat how a fresher can get Impltn exp. with this kind of minimum criteria? Do you think people like me can get any real chances to survive in this field without showing any fake experience? Or do you think datz the trend currently going on without the knowledge of some fools like me? Ur valuable guidance on this please...

5 Answers

what are the types of info records?

4 Answers

What is a ‘return delivery’?

0 Answers

Hi All Can we do MRP for Third party process ?

2 Answers Bristle Cone,

For more SAP MM (Material Management) Interview Questions Click Here