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How to record Prepayment Received Back From Supplier (Doc ID 1949298.1)

Last updated on DECEMBER 17, 2014

Applies to:

Oracle Payables - Version 12.1.3 and later
Information in this document applies to any platform.

Goal

We have a scenario here wherein a prepayment was for $100..Standard Invoice for $90 was raised and applied against the above prepayment.
Now we have net prepayment of $10 outstanding.
 Supplier then returns this $10 and we wont be transacting with this supplier in future.
 
Wanted to check as to how should we treat this return of $10,
 

Solution

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In this Document
Goal
Solution
References


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