What is actual meaning or procedure of Revenue recognistion
in SAP FICO Module?? Why we use VF44 TCode in RR run ??
Answer / chandrabhanpatil
Hello,
RR is run as we want to know the correct picture of our
Profit and loss account for a particular period.In SAP we
run RR on datewise or periodwise as well as on accrual
basis.Because to make a complete shipment it takes 2-3
months. If we not recofnize the revenue our P & L shows
negative balance as we are incurring continue expenses
means daily running charges.To mainatin the uniformity in
Revenue recogniztion we run RR.
- Chandrabhanpatil
Is This Answer Correct ? | 0 Yes | 0 No |
Tell us in balance sheet, where do you show tds?
Paid , life insurance premium Rs.2500
lic (life insurance corporation)how much he or she as to deduct income tax on his gross annual salary. please give with examples
What does the abbreviation dr mean in accounting?
What is Ariba? How it is working?
What are source documents in accounting?
how to enter ATM withdrawal transaction in tally
"Cheque deposited in to bank" How can i make a entry in tally when like this entry came
what is demerger?
What is bond ? What is capital market?
HOW MANY CHART OF ACCOUNT WE CAN DEFINE IN A COMPANY CODE. (SAP QUESTION)
I need to know when you buy a asset on credit and your monthly instalment is $10000 in the books where and how do you record the outstanding liability the interest and the capital instalments.Secondly the deposit that you receive which you should still send back to the tenat where in the books do you record for entry and the contra entry.