What is write off Accruals? what is the use of this?

Question Posted / rajasekhar.erp

1 Answers
8638 Views
Genesis, I also Faced
E-Mail Answers

What is write off Accruals? what is the use of this?..

Answer / venkata

If you choose the Perpetual Accrual Method within
Purchasing, Purchasing records an accounts payable
liability to an AP accrual account for goods received but
not invoiced. When Payables matches and approves the
invoice for the received goods, Payables clears the
accounts payable accrual account and records the actual
liability amount to the invoice accounts payable liability
account.

Is This Answer Correct ?

1 Yes

6 No

Post New Answer

More Oracle Apps Financial Interview Questions

Tell me something about asset insurance?

1 Answers IBM,

How to Reconciliation AP to CM ? How to Reconciliation AR to CM ?

0 Answers TCS,

How will call a Key Flexfield Routine in Oracle Apps Forms and what are the arguments to be passed to that routines ? (He was asking me the Package name and Procedure)

1 Answers Spider Systems,

P2p cycle explanations? And entry, if asset item received what is entry?

2 Answers Deloitte,

While setting up the cross validation rules is it necessary to enable the SECURITY RULE check box along with CROSS VALIDATION RULE check box in flexfield structure. plz clarify my dt

3 Answers

What is is "Depreciable Basis" which is coming in "Asset Register Report" in Oracle Fixed Assets. How to calclate the Original Cost to get the same value which is coming in the Report. I got the information that Cost - Salvage Value. Its working fine only with One Addition. If we have multiple additions, then I am not getting calculated these Depreciable Basis Amount which is coming in Asset Register Report. Can any one help me out in getting this value calculation Please. Thanks & Regards, Rajkumar Peddi Cell: 9849024872

1 Answers

How can the new account combinations be defined when dynamic insert option is not enabled?

3 Answers

how do you know chart of accounts is in Active

4 Answers

What r the GAPS can we find out while Implementation?

5 Answers Satyam, TCS,

WHAT IS CLEARNCE METHOD IN AR ?

1 Answers IBM, SOLiC,

In Multi Org can you tell what is SHORT ENTITY ?

3 Answers UST,

what is the use of matching tab in payables options in Payables module?

1 Answers Genesis,

For more Oracle Apps Financial Interview Questions Click Here