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Supplier send Material to company as on year end I.e. 31
st march.
Company recd the material at store . but invoice not came
with material as on 31 st march
can company add martial in stock ?
what is the entry in stoke and what is the liability to
supplier in oracle apps


Answers were Sorted based on User's Feedback



Supplier send Material to company as on year end I.e. 31 st march. Company recd the material at..

Answer / oracle lagoon

can company add martial in stock ?
Ans: YES

what is the entry in stoke
Ans:
Inventory Receiving DR
Inventory AP Accrual CR

what is the liability to
supplier in oracle apps
Ans: Its the cost of the goods. They can be adjusted in the
adjustment period.

Is This Answer Correct ?    6 Yes 1 No

Supplier send Material to company as on year end I.e. 31 st march. Company recd the material at..

Answer / biduth chakraborty

In addition to above with the Stock updation the additional
entry in Inventory is generated
Material A/C Debit
Receiving Inventory A/c Credit

The Liability would the about Amount of Good Received. Same
would be Accrued once the Goods are received generating
entry Inventory Receivingl A/c debit and Inventory Accrual
A/c Credit. Once the Invoice is Received and matched in AP,
the Entry generated would be Inventory Accrual A/c Debit
and AP Liability A/c Credit.

Is This Answer Correct ?    1 Yes 0 No

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