what is accounting entry once we receive GRN and inventory
accounting.?
Answer Posted / 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 |
Post New Answer View All Answers
How do u bridge the gaps in functional understanding of AP,GL,FA. explain with some live examples.
Explain Customer Creation and Maintenance Process. Provide samples of customer master records with Payment Terms.
What is the entry in oracle apps ap,ar,gl for following transations1.one pipe purchase at rs.1002.one pipe sales at rs.150
How to Reconciliation AP to CM ? How to Reconciliation AR to CM ?
difference between 11i&r12
Please post the setups required to approve the payable invoice in AP.
Charge Back Setups ?
Anyone provide the oracle fin/scm definetions
Recurring Problem Posting i have Journals for sep 2018 that i approved but they are not available to post even though the period is open in Oracle R12 Issues
Explain Customer Creation and Maintenance Process. Provide samples of customer master records with Payment Terms.
While assigning the security by book in oracle assets..i am unable ot get the asset org in security profile form.This asset org was already defined in org description window.
Substitute receipts and Unordered Receipts
I have created an invoice and made the payment in Accounts payable. Now the payment status is Negotiable and accounting status is processed. I reconciled the transaction in Cash Mgmt, The status changed from negotiable to Reconciled in CM. I checked the payment status for the invoice in payment window(AP), the payment status changed to RECONCILED UNACCOUNTED i.e correct but the accounting status is remain processed which is not the correct. I hope the transaction will be correct if the accounting status would have changed to PERTIAL . Please suggest any solution for the above query.
What is gap analysis, how do you defined?
what is the steps to customization ?