process from PO to Asset creation, with accounting entries.?
Answer Posted / pops
When Received :
--------------------
Receiving inventory A/c Dr
AP Accrual A/c CR
Inventory to Staging:
-------------------------
Asset Clearing A/c DR
Receiving Inventory A/c CR
When Invoice Raise:
------------------------
AP Accrual A/c Dr
Liability A/c Cr
Using Cash Clearing:
------------------------
Liability A/c Dr
Cash Clearing A/c Cr
Reconciliation:
----------------
Cash Clearing A/c Dr
Cash A/c Cr
In Assets:
=======
Asset A/c Dr
Asset Clearing A/c Cr
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
I am created credit memo in at but while trying to complete it showing error message-hz_party_location
What do you mean by controlling buyers workload?
How will account an advance of Rs.10000/- which is a permanent prepayment, can I make payment for this?
What is automation of accounts payable activities (evaluated receipt settlement)?
What is gap analysis, how do you defined. What are the pre-requisities?
what is the difference between before pages trigger and after parameter trigger in reports ?
What is the use of operating unit, while configure multiorg?
What is the Use of Grouping Rule in Receivables ? is it mandatory field ?
explain with examples what r the roles & Responsiblities of a functional consultant who reviews the Test Scripts, Test Cases and Test Execution Results of AP, FA and GL.
How to do the analysis of discounts lost and fixing the root cause?
how we can stop the transaction for not transfer to the reporting ledger at the time of entering the transaction in pl
what is VAT claim process?
Write Test Scripts for a telecummunication project on the basis of priority with some examples with regard to AP,GL,FA.
How do you adjust receivables?
Explain Customer Creation and Maintenance Process. Provide samples of customer master records with Payment Terms.