Nonprofit Accounting Question:
Download Questions PDF

Which procedure for excess payment to supplier I would like know without adjusting invoice that means how supplier will send back excess amount how do in oracle apps?


Excess payment to supplier is treated as Advance paid to supplier. This will show as debit balance in supplier account. Supplier can send the payment by way of check/ demand draft without adjusting in his subsequent bills.

Download Nonprofit Accounting Interview Questions And Answers PDF

Previous QuestionNext Question
Can you described the meaning of invoice?Can you please explain the difference between Consigner and Consignee?