what do u mean by debit/credit memo invoices?

Question Posted / nihar

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what do u mean by debit/credit memo invoices?..

Answer / askvenki

IN AP MODULE
DEBITMEMO:IT IS THE DOCUMENT ISSUED BY SUPPLIER TO
THAT HE IS REDUCING THE INVOICE AMOUNT
CREDITMEMO:SAME LIKE DEBITMEMO BUT IT IS ISSUED BY
CUSTOMER

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7 Yes

1 No

what do u mean by debit/credit memo invoices?..

Answer / kranthioracle

In Payables

Debit memo will be rised by us, credit memo will be rised
by the supplier. Both memos increases the Laibility of the
Suppliers.
we will rise dedit memo when u return the good to supplier.
credit memo will be rised by supplier for any damaging
goods, discounts etc.

In Receivables

Credit memo- will be rised when ruturned goods from the
customer. it derceases the Receivable A/C of the customer
Debit memo- it increses recevable A/C of the customer(Any
additional charges

Is This Answer Correct ?

8 Yes

3 No

what do u mean by debit/credit memo invoices?..

Answer / abdul gafoor.c

credi memmo is at the time of credit purchase sundry
creditpr isuued the credit memmo
at tht time of credit sale sundry debtor issued form of
debit memmo

Is This Answer Correct ?

2 Yes

0 No

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