|What do you meant by debit and credit in sap?
Debit and Credit are balancing entries which plays
vital roles in document posting. In SAP we have various posting keys
to handle these Debit and credits.
Suppose if we make customer invoice
Suppose if we get payment from customer
Suppose if we make Goods receipt
Cr GR/IR A/c
Suppose if we make Invoice Receipt
Suppose if we make payments as salaries to employees
What is meant by Debit and Credit Note?
As the name suggests is an advice or note used
to Debit a Vendor/ Customer.
Eg. After you have received the goods there are
discrepancies in them you want to reduce the cost in such a case you raise
a Debit note on the Vendor, intimating the Vendor so.
It is an intimation to the Creditor/ Vendor for
crediting his account maintained in our books of accounts.
Eg. After goods are being despatched if you want
to declare any discount you can do so by giving an intimation through a
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