Interested to Buy Any Domain ? << Click Here >> for more details...
What is the difference between the credit memo and Debit memo?
- 5 Answers
- 16888 Views
- KPIT, TCS, I also Faced
- E-Mail Answers
Answer Posted / shridevi.hiremath
Credit memo: A sales document created on the basis of a
customer complaint. This reduces receivables in Financial
Accounting.
Debit memo: A sales document created on the basis of a
customer complaint. This increases receivables in Financial
Accounting.
You may need to create credit memos for various reasons (for
example, because of defective goods or because you have
overcharged a customer). Similarly, you may need to create a
debit memo, if, for example, you have not charged the
customer enough.
| Is This Answer Correct ? | 2 Yes | 2 No |
Post New Answer View All Answers
What is automation of accounts payable activities (evaluated receipt settlement)?
What kind of budgets have you worked on?
What is the use of operating unit, while configure multiorg?
How will account an advance of Rs.10000/- which is a permanent prepayment, can I make payment for this?
Provide an overview of AR cash receipt processing.
explain your project plan with exam pal? i am preparing inter view .............
I am created credit memo in at but while trying to complete it showing error message-hz_party_location
payment types and payment methods.
What is gap analysis, what are the pre-requisities?
I am currently working in reputed Org as a Oracle apps end user (AR). Learned R12 functional course, but no real time exp as in support or implementation project.Please guide. thank you.
What kind of necessary ap information you gather from the client?
What do you mean by controlling buyers workload?
Substitute receipts and Unordered Receipts
What are register in India localisation?
1.what is the name of program to create invoice automatic from po.? 2.How to auto upload the bank statement? 3.PO tax has not flown to invoice . why? Debit memo not generated for return of goods.??
