Clarification on Applying Credit Memo to Standard Invoice in Payables Without Bank

We would like to confirm whether it is possible to apply a Credit Memo directly to a Standard Invoice in the Payables module without involving a payment or bank transaction.

Our business requirement is to offset the Credit Memo against the Standard Invoice directly, rather than creating a payment through a dummy bank account. While this appears to be standard functionality, we are unable to locate the appropriate option in the system.

Could you please confirm if this functionality is available in Oracle Fusion Payables, if it is not available.

In invoice Actions we need to see apply credit memo