Debit Memo and Credit Memo
1) The PO has a typo in the Net price field. By mistake, the buyer put up a higher price than the original price. After that, GR has been done and the invoice has also been posted. The buyer is creating the PO from a contract, which contains the correct price. Now , to get the money back, should client request the vendor to generate a credit memo or should the client send a debit memo to vendor? What will happen in case of ERS invoice? I am more interested in the latter situation.
2) If Client is returning goods to vendor and it is ERS and GR-based IV, then on reversal of Goods Receipt , will ERS generate a credit memo/debit memo? What will happen if the vendor sends the invoice? Should the client send a debit memo with goods returned or request the vendor to generate credit memo?