what is accounting entry once we receive GRN and inventory
accounting.?

Answers were Sorted based on User's Feedback



what is accounting entry once we receive GRN and inventory accounting.?..

Answer / prasanna kumar sahoo

For GRN
Inventory receiving a/c Dr.
AP Accrual a/c Cr.

For Inventory Accounting
Inventory valuation a/c Dr.
Inventory receiving a/c Cr.

Is This Answer Correct ?    9 Yes 1 No

what is accounting entry once we receive GRN and inventory accounting.?..

Answer / mahesh babu

For GRN

Inventory receiving a/c Dr.
AP Accrual a/c Cr.

For Inventory Accounting
Inventory valuation a/c Dr.
Inventory receiving a/c Cr.

Is This Answer Correct ?    0 Yes 0 No

what is accounting entry once we receive GRN and inventory accounting.?..

Answer / kondasani narsireddy

When we are grn
Inv receivable a/c dr
Apn accrual a/c cr

Goods moving to inv
Item expense a/c dr
Inv receivable a/c cr

Is This Answer Correct ?    0 Yes 2 No

Post New Answer

More Oracle Apps Financial Interview Questions

What are the journal entries in O2C Cycle.

5 Answers   Oracle,


what are the Issue that we face in Gl,PO and AP while Supporting.

2 Answers   APC,


Hi, I am a MBA(Finance) and done my graduation in B.Com (H).I have a teaching experience of 3 years in a Management college. I want to shift in IT as an Oracle apps (Functional) consultant. Could you please suggest me some certified courses in Oracle Appa(Functional)in Delhi/NCR region which provides placements as well. or can anyone suggest some other course in line with my educational qualification. My Email ID : anshulkumarmathur@rediffmail.com Regards, Anshul

1 Answers  


Explain Customization process?

0 Answers   IBM,


What Are Important Reports In AP,AR?

3 Answers   Wipro,






Hi Everyone, I've done my MCom & worked on Oracle 11i FA, GL & AP 3years back. Currently Working on SAP Accounts payable. Total 8 years in Finance BPO's. My dream is join Oracle Apps I read materials & go through interview questions. But, how do I modify my CV to fit the Job & will End User job resp will get any job in Market??? Plz help me, how do I convince interviews that I'm really a valued resource to them. Thanks for all your help.

1 Answers  


While assigning the security by book in oracle assets..i am unable ot get the asset org in security profile form.This asset org was already defined in org description window.

0 Answers   TCS,


Provide an overview of AR cash receipt processing.

0 Answers  


Can anybody explain different types of asset depreciation method with an simple example.?

1 Answers  


How to transfer funds between your internal banks?

3 Answers  


What are the types of invoices?

13 Answers  


1)What cannot be consolidated in GCS? 2) When you setup calendar in GL is it possible to change it?

0 Answers   Deloitte,


Categories
  • Oracle Apps Technical Interview Questions Oracle Apps Technical (547)
  • Oracle Apps Financial Interview Questions Oracle Apps Financial (793)
  • Oracle Apps Manufacturing Interview Questions Oracle Apps Manufacturing (53)
  • Oracle Apps HRMS Interview Questions Oracle Apps HRMS (169)
  • Oracle Apps CRM Interview Questions Oracle Apps CRM (9)
  • Oracle Apps SCM Interview Questions Oracle Apps SCM (141)
  • Oracle Install Base Interview Questions Oracle Install Base (62)
  • Oracle Service Contracts Interview Questions Oracle Service Contracts (101)
  • Oracle Apps AllOther Interview Questions Oracle Apps AllOther (114)