major defference between terms of payment is depend on suppliers policy

What is difference between "terms of payment" and "payment
terms"
Fields are available in vendor master purchasing view and
accounting view respectively. System can take two differnt
values for same vendor? why different values are maintained?

Question Posted / m.mubarak basha

8 Answers
34568 Views
HCL, Hero Honda, Honda, Patni, I also Faced
E-Mail Answers

Answer Posted / m.mubarak basha

major defference between

terms of payment is depend on suppliers policy.
payment terms is depend on purchaser policy

Is This Answer Correct ?

0 Yes

0 No

Post New Answer View All Answers

Please Help Members By Posting Answers For Below Questions

How to handle free items in po?

1126

Why would an organization need to allow negative stocks?

1163

How will you configure a class type?

982

How do you check quota rating?

1049

While posting gr there is a checkbox item ok. Is there any way to make it default? Will you do an enhancement in system?

1080

Can we do the physical inventory check of consignment stocks?

1007

Explain the 'transaction keys' in mm?

1121

What is a cost center?

1236

What is goods receipt & goods issue?

1004

What do the we 103 do?

1065

What are the transactions that will result in a change of stock?

1067

What are various stock types?

1179

What is the quota arrangement?

1132

Explain 'split valuation.' Why is it necessary?

1130

Explain the 'storage location' in sap?

1159