Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What is Debit Memo & Credit Memo in Payables?

Answer Posted / shamim ahmed

Sales
we as supplier Credit memo rs. 500 -ve to our customer for bonus amount.
customer receive -500 A/P

Purchases
we as customer Debit memo rs. 500 -ve to our supplier for defective goods.
supplier receive -500 A/R

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Charge Back Setups ?

2157


What is the Process of Reconciliation Between AP to GL

1634


Re: While you are in implemenation what are u faced the issues ? tell me what some ap & GL issues?

2347


Recurring Problem Posting i have Journals for sep 2018 that i approved but they are not available to post even though the period is open in Oracle R12 Issues

1763


What is Difference between Auto Copy Journal and recurring journal?

1778


What is difference between primary and secondary ledger

1093


Provide an overview of AR cash receipt processing.

2577


Do you track and record relationships between customers e.g. franchises, subsidiaries etc.?

2082


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.

2182


Difference between header level tax calculation and line level tax calculation

3550


What is Reporting of financial data in a project.

2020


How to support projects life cycles details?

1168


Payables Applications Technical Reference Manual

2462


Invoice Approval Process?

3188


how we can stop the transaction for not transfer to the reporting ledger at the time of entering the transaction in pl

2425