where should Accrual account define in account payable that will affected during Invoicing?
Expense accrual accounts are defined in Purchasing options and Inv accrual accounts are defined in the Inv Org.
When expense accounts are received, expense is debited and exp accrual is credited. In the same way, when inventory item is received, inventory - Dr and Inv Accrual - Cr
When invoice is created and matched with PO/Receipt, the corresponding accrual is relieved and liability is credited.
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Can somebody provide me the various or atleast most frequent issues a support consultant deal with?
I am currently working in reputed Org as a Oracle apps end user (AR). Learned R12 functional course, but no real time exp as in support or implementation project.Please guide. thank you.
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2 Answers Accenture, Cap Gemini,
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