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Former Member
May 13, 2010 at 11:17 AM

Payment Terms for Credit memos

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Hi,

Please explain to me what is the significance of payment terms in credit memo. I understand that credit memo are sort of returns (sales returns or purchase returns). I am able to understand the payment terms for an invoice (which would determine the due date for the receivables and payables). But I am not able to understand the use of payment terms in credit memo...

Please assist.

Thanks in anticipation

Satya