Answer Posted / tgs100
COGS account (Cost of Goods Sold) is entered in the item master for inventory items. When the item (usually Finished Goods) is sold (Sales Order --> Pick Release --> Ship Confirm), COGS account is debited and Inventory account is credited.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
How to support projects life cycles details?
how we can stop the transaction for not transfer to the reporting ledger at the time of entering the transaction in pl
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.
How do write a discoverer report to identify zero dollar suppliers/invoices where the supplier is on hold?
Do you track and record relationships between customers e.g. franchises, subsidiaries etc.?
I am currently working in reputed Org as a Oracle apps end user (AR). Learned R12 functional course, but no real time exp as in support or implementation project.Please guide. thank you.
What is meaning of deprecation?
difference between primary ledger and secondary ledger in r12
how to do customization while doing oracle implementation. what is the role of functional consultant in customization?
what is the steps to customization ?
explain your project plan with exam pal? i am preparing inter view .............
What is the use of operating unit, while configure multiorg?
can we define 2 different currency revaluation at a time??
Substitute receipts and Unordered Receipts
There is employee X and employee Y (who is supervisor of X); when Y submits expenses how will the system ensures that this should not go to X even if he has the approval authority.
