what is payment terms. what is the diff. b/w terms of payment
and payment terms

Answer Posted / shweta

Example of Terms of Payment: 0001 (Pay Immediately)                                      (Vendor/Customer Master Record)
                             (XK01/XD01)
Example for Payment terms: C (Cheque Payment)
                           W (Bill of Exchange), etc 
                           ( AAP - FBZP/F110 )
                           For creating new payment term -                              T-code is OBB8

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