What is Debit Memo & Credit Memo in Payables?
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Answer Posted / sudha
In AP both Debit, credit memos accept -ve amounts only. The
only differance is where it originates, weather at your end
or at supplier's end.
If you create and send it to the supplier it is called
Debit memo.
If you receive from the supplier and record it, it is
called Credit memo.
| Is This Answer Correct ? | 189 Yes | 15 No |
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