What will happen If I am not giveing the Suspense accout
while defineing the Set of Books in GL?

Answers were Sorted based on User's Feedback



What will happen If I am not giveing the Suspense accout while defineing the Set of Books in GL?..

Answer / kranthioracle

Nothing happens if u dont enable suspence account in
journal region,
when u create a journal with wrong amounts the system will
post but it show an error#6 in posting status as suspence
unbalance.

so when u enable the suspence account,even though u post
the system will correct the balance and ost with an error.

rent 5000
suspence 1000
to cash 6000.

depending on the nature of account suspence will be
adjusting.

Is This Answer Correct ?    4 Yes 0 No

What will happen If I am not giveing the Suspense accout while defineing the Set of Books in GL?..

Answer / askvenki

IF YOU ENTER JOURNAL
CASH A/C DR 10,000
TO RENT A/C CR 8000
IF YOU DONOT ENABLE SUSPENCEA/C THE A/C IS NOT
AUTOMATICALLY CREATED AND IT IS NOT POSTED

IT IS IN ENABLE STATE THIS IS POSTED AND EXCESS AMT IS
CREDITED TO SUSPENCE A/C

Is This Answer Correct ?    1 Yes 0 No

Post New Answer

More Oracle Apps Technical Interview Questions

wht is format triger?

4 Answers  


INBOUND INTERFACE: Suppose I have 100 Records of employees in flat file.When moving the records from flat file to STAGING table using >CTl file, I want to restrict the records whose salary is less than 500.what are the validations(or conditions) you write to achieve this.

6 Answers   Tech Mahindra,


what is fiscalcalendar?

3 Answers   CTS,


Can anybody tell me, What is the Implementation Process?

2 Answers   TCS,


diff between key and descriptive flexfield.

4 Answers   Convergys,






what are external tables? how can we use external table instead of sql * loader to load data from flat file to staging table?

1 Answers   IBM,


can we pass bind variablein lexical parameter?

1 Answers   BirlaSoft,


how can we return morethan one parameters in procedure?

2 Answers  


how to create a file in forms?

3 Answers   Wipro,


What is Pragma Autonomous transaction. It's Real time Example

4 Answers   IBM,


I want to print output in portrait style?where i have to change the settings?

2 Answers   Sierra Atlantica,


what is po approval hierarchy?

1 Answers   Cap Gemini,


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)