what is accounting entry once we receive GRN and inventory
accounting.?
- 3 Answers
- 10174 Views
- Ernst Young, Tech Mahindra, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / prasanna kumar sahoo
For GRN
Inventory receiving a/c Dr.
AP Accrual a/c Cr.
For Inventory Accounting
Inventory valuation a/c Dr.
Inventory receiving a/c Cr.
| Is This Answer Correct ? | 9 Yes | 1 No |
Answer / mahesh babu
For GRN
Inventory receiving a/c Dr.
AP Accrual a/c Cr.
For Inventory Accounting
Inventory valuation a/c Dr.
Inventory receiving a/c Cr.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / kondasani narsireddy
When we are grn
Inv receivable a/c dr
Apn accrual a/c cr
Goods moving to inv
Item expense a/c dr
Inv receivable a/c cr
| Is This Answer Correct ? | 0 Yes | 1 No |
Can multiple Sales Orders be invoiced under one Invoice?
can we stop the payment once the payment manager process has been run?
What is meant by RTS transactions?
IS Automatic writeoff allowed for both over n under payments??
I have a requirement where during the consolidation into USD (from GBP books) I want use two different exchange rates for two consolidations. Child SOB is same but the Parent SOB's are different. How can this be done?
What is gap analysis, what are the pre-requisities?
What is ment by asset revaluation?
What all elements is set for the Responsibilities ?
What are the types of setups in apps inventory module
What is Intercompany Invoicing?
What are the issues you have faced at the time of implementation, Migration, Support and Upgradation project and how you resolve them(AP,AR,GL,FA,CM)!!!
1 Answers IBM, Oracle, Tech Mahindra, Wipro,
What is the Invoicing System in Oracle R12
Oracle Apps Technical 
