What is write off Accruals? what is the use of this?
Answer / venkata
If you choose the Perpetual Accrual Method within
Purchasing, Purchasing records an accounts payable
liability to an AP accrual account for goods received but
not invoiced. When Payables matches and approves the
invoice for the received goods, Payables clears the
accounts payable accrual account and records the actual
liability amount to the invoice accounts payable liability
account.
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