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In AR module
What is the difference between Debit Memo and Credit Memo ?
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Answer Posted / srinibas
unlike AP MODULE where there is no difference between a
debit memo and credit memo in AR module we have to enter a
-ve amt for credit memo and +ve amt for debit memo
debit memo is similar to an invoice and it is just in
addition to an original invoice.when we forget to add a
fright or other charges to an invoce we later charge it by
creating a debit memo
in case we charge more than the product value we have to
reduce it by creatine a credit memo.or a customer returns
some goods we have to reduce recevable by creating a credit memo
| Is This Answer Correct ? | 66 Yes | 3 No |
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