Recently i am faced an interview. Interviewer asked me " after PGI what" ? and "after invoice what"? plz tell me anybody. thanks in advance.
Answers were Sorted based on User's Feedback
Answer / kasu sivareddy
After PGI stock will update,inventory account document generates,updates in credit management,update in LIS,updates in document flow,updates in billing due list.
After billing accounting document generates,updates in LIS,document flow,generates profit analysis document,cost center document.
Is This Answer Correct ? | 16 Yes | 1 No |
Answer / kadam
After PGI the Activities takes place in system as follows :-
1) Stock updates 2) inventory accounting document generates i,e Cost of goods sold account A/c Dr
to
Inventory account CR
3) updates in LIS (Logistic Information System) 4) Document flow Updates 5) updates in credit management 6) updates in billing due List.
After Invoice the Activities takes place in system as follows :-
1) Revenue accounting document generates
customer A/c dr
to
Revenue A/c Cr
2) updates in LIS 3) Updates in Credit management 4) Updates in document flow 5) profitability analysis document generates 6) cost center document generates
Is This Answer Correct ? | 9 Yes | 0 No |
Answer / prasad prattipati
After PGI system various activities
* It updates stock
* Inventory accounting document generates
Cost of goods sold account(Dr.)
to
inventory account credit(Cr.)
* It updates in document flow
* It updates in LIS
* It updates in credit management
* It updates in billing due list
After invoice system performs various activities
* Revenue account document generates
Customer account (Dr.)
to
Revenue account (Cr.)
* Profitability analysis document generates
* Cost center document generates
* It updates in document flow
* It updates in LIS
* IT updates in credit management
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / ajay
After Pgi goods will be delivered to the customer and the inventory account will be credited and the customer account will be debited
And after invoice normally the customer pays for the goods received and the accounting entries are same as the above
Is This Answer Correct ? | 3 Yes | 3 No |
Answer / sunny
After pgi, generally invoice is generated.
if you are doing through Shipment than pgi, billing and invoice will be done automatically.
After invoice, the material is dispatched to the customer.
Is This Answer Correct ? | 0 Yes | 7 No |
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