What is the difference between the credit memo and Debit memo?
Answer Posted / raghesh
Debit memo and credit memo are same meaning in AP in terms of Oracle . Both are reducing the value of invoices.
IN AR debit memo will use to increase the value of invoices and credit memo decrease the value ( sales return)
| Is This Answer Correct ? | 3 Yes | 2 No |
Post New Answer View All Answers
What is gap analysis, what are the pre-requisities?
What is the entry in oracle apps ap,ar,gl for following transations1.one pipe purchase at rs.1002.one pipe sales at rs.150
I have created an invoice and made the payment in Accounts payable. Now the payment status is Negotiable and accounting status is processed. I reconciled the transaction in Cash Mgmt, The status changed from negotiable to Reconciled in CM. I checked the payment status for the invoice in payment window(AP), the payment status changed to RECONCILED UNACCOUNTED i.e correct but the accounting status is remain processed which is not the correct. I hope the transaction will be correct if the accounting status would have changed to PERTIAL . Please suggest any solution for the above query.
There is employee X and employee Y (who is supervisor of X); when Y submits expenses how will the system ensures that this should not go to X even if he has the approval authority.
What is the use of hr: user type, while configure multiorg?
Can Adjustments be imported?
Write Test Scripts for a telecummunication project on the basis of priority with some examples with regard to AP,GL,FA.
What is the Invoicing System in Oracle R12
What is the use of gl set of books name, while configure multiorg?
When we run a GL Reconciliation Report, we also see the void payments in that report. Even though i disable the option of Show Void payments, its appearing in the report.How do i proceed so that i dont see those void payments in the GL Reconciliation Report?
encumbrence set ups?
what r issues faced in gl
What is Work Flow of AP,AR, Sales & Purchase
On what different real time issues you worked while doing P2P cycle implementation?
1)What cannot be consolidated in GCS? 2) When you setup calendar in GL is it possible to change it?