What is 4th c and why use 4th c mandatory?

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What is 4th c and why use 4th c mandatory?..

Answer / sudhakar

Before in 11i we have only 3C's like Currency, Calendar, COA Now in R12 version 4th C got added by nameing like Convention method. What is the use of this 4th C means. If we are doing only Cash transactions. Then in that 4th C we can select Cash basis. If we are doing operations in Irrespective of Cash then we should select Accrual basis.

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What is 4th c and why use 4th c mandatory?..

Answer / reddy

Accounting Method is 4th C

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