Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


What is actual meaning or procedure of Revenue recognistion
in SAP FICO Module?? Why we use VF44 TCode in RR run ??



What is actual meaning or procedure of Revenue recognistion in SAP FICO Module?? Why we use VF44 T..

Answer / chandrabhanpatil

Hello,
RR is run as we want to know the correct picture of our
Profit and loss account for a particular period.In SAP we
run RR on datewise or periodwise as well as on accrual
basis.Because to make a complete shipment it takes 2-3
months. If we not recofnize the revenue our P & L shows
negative balance as we are incurring continue expenses
means daily running charges.To mainatin the uniformity in
Revenue recogniztion we run RR.
- Chandrabhanpatil

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Accounting General Interview Questions

What is the difference between Economics and Finance?

0 Answers   Deloitte,


suppose total salaries paid is 10000, 1000 is outstanding. how & which amount will shown in receipts & payment, income & expenditure and balance sheet accounts

2 Answers  


1. how to pass TDS entry in tally 2. how to pass service tax entry in tally 3. how to pass depreciation entry in tally 4. what is percentage in TDS and service tax

0 Answers  


How is scrap value calculated?

0 Answers  


Credit balance of suspense A/c will be shown in

1 Answers  


Tell me how much statistics knowledge is necessary or required in accounting?

0 Answers  


what is the difference between accounting and finance?

2 Answers  


If the company acquires equipment prior to incorporation what are the accounting entries?

0 Answers  


what is the order in praparing the balance sheet, placing of assets

3 Answers   APGenco,


The Trial balance will show only the Opening Stock & Purchase for any given period, but for Profit and loss, we have to calucate the Opening + Purchase – Closing stock ?

1 Answers  


How is going concern assumption and accounting period convention related?

2 Answers  


difference between outstanding and accrued exp.?

2 Answers   Genpect,


Categories