What is the Process for Credit Momo and Debit Memo in
DETAIL? PLZ PLZ PLZ PLZ
- 3 Answers
- 10770 Views
- I also Faced
- E-Mail Answers
Answer Posted / sridharsdn@gmail.com
Credit Memo: Received amount for Sale of goods to my customer. Here entry is:
Customer A/c. Dr 10,000
To Sales A/c. Cr 10,000
In some reasons goods is partially damaged for example worth of Rs.1000. For this I issue Credit Memo to my customer for Rs.1,000/-.
And My customer issue Debit Memo by accepting the same amount.
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
What is Plan Depreciation(AFAB)
What are ‘commitment’ line items in co?
What is a special gl transaction? : fi- general ledger
What does “sap netweaver on linux” mean?
How do perform variance calculation in period end closing? : cost center accounting
Can you explain how do you carry forward account balances?
What are price reports? Where do you find them in sap system? : cost center accounting
Is it possible to create multiple assets in a single transaction? : fi- asset accounting
When defining a new ledger in the special purpose ledger, how can you retrospectively populate fi data for a previous fiscal year?
what is the need for balance interest calculation maintenance of setting in case a financial decides on interest rates and loan repayment due dates etc all other issues and we only need to pay the intrest amount ?
What is profitability analysis (co-pa)? : co- general controlling
What is a line item? : fi- general ledger accounting
What are the procedure for implementing FI Sub Module, like AR, AP, AA etc
What is Lock box in sap fico?
What does field status group assign to a gl master record controls?
