Payments terms in Vendor Master(XK01)

Hi Everyone,
I want to know, at the time of Creation of Vendor master-Two times we will got Payment terms.In Two TAB
i)     In Purchasing data and
ii)     Payment transaction Accounting.
Please tell me what is meaning giving Two times in different place.
And where I can see result of these two different Payments terms.
Regards,
siddharth

Hi,
Payment terms can be specified in Accounting data-CC level, Purchasing data -Pur Org level ( Vendor master), Sales data - sales Org level (Customer master).
Ex. Payment terms in Purchasing will be picked when you create a PO.
Master records have separate areas for Financial Accounting, Sales, and Purchasing. You can specify different terms of payment keys in each of these areas. When you then enter a business transaction, the application in question will use the key specified in its area of the master record.
Edited by: Antony anburaj on May 2, 2010 9:42 AM

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