What is the Bank Sub Account?
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Answer / jaswanth
For Bank Main Accounts, we use different Sub accounts(
Clearing GL Accounts )
1. Check Issued Out
2. Outgoing fund transfer
3. Check Received..etc.,
For eg., for check issued out the following will be entry
Dr Check Issued Out
Cr Bank Main A/c
After uploading bank statement in SAP system, the GL Account
( Bank Main A/c in SAP) will exactly match with Bank A/c.
All the clearing Accounts(Bank Sub account) will be the
reconciliation items.
This is applied in Electronic Bank statement or Manual Bank
statement.
Is This Answer Correct ? | 9 Yes | 2 No |
Answer / senthilnathan
Bank Sub Account is the Type of Accounts we maintain in a
Bank for Eg:
We maintain a Overdraft Account,Savings account, Current
account etc...
Is This Answer Correct ? | 0 Yes | 5 No |
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