What is Debit Memo & Credit Memo in Payables?
- 27 Answers
- 190403 Views
- Cognizant, HCL, IBM, TCS, I also Faced
- E-Mail Answers
Answer Posted / harish
In Oracle payables, both debit memo and credit memo are one
and the same and are used to reduce the supplier's
liability for the goods returned to him. The former will be
prepared by us and the later will be prepared by the
supplier and sent to us.
| Is This Answer Correct ? | 31 Yes | 13 No |
Post New Answer View All Answers
What is the db number of a particular customer TCA?
What are the inventory report to check inventory status.
what is the steps to customization ?
encumbrence set ups?
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.
difference between 11i&r12
What is automation of accounts payable activities (evaluated receipt settlement)?
What is Reporting of financial data in a project.
How to refund for a customer who returns goods and wants a refund for $600 in R12 In above scenarios customer does not want Credit Memo or On- Account Credit, he wants refund check . and as we know we do not issue check from AR. How can we issue Check from AP and how offsetting is done for the same in R12
What kind of budgets have you worked on?
Explain Customization process?
What is Difference between Auto Copy Journal and recurring journal?
How do u bridge the gaps in functional understanding of AP,GL,FA. explain with some live examples.
What is the Invoicing System in Oracle R12
What is gap analysis, how do you defined?
