Answer / mstapps

Reccuring journal means journals, which are
repetitive nature is a year. On the basis of amount
reccuring journals are three types

1. Formula journals
2. Skeliton journals
3. Standard journals

FORMULA : means journal entries use formulas to create
journal amounts that vary from period to period

SKELITON : means journals have same accounts but have
different posting amounts

STANDARD : means journal entries use the same accounts and
amounts in each period

Answer / r k jain

Define recurring journal formulas for transactions that you
repeat
every accounting period, such as accruals, depreciation
charges, and
allocations. Your formulas can be simple or complex. Each
formula
can use fixed amounts and/or account balances, including
standard,
end–of–day, or average balances, actual or budget amounts,
statistics,
and period–to–date or year–to–date balances from the
current period,
prior period, or same period last year. You can quickly
create new
recurring formulas by copying and modifying existing
formulas.
You can define recurring journal formulas for your
functional currency,
foreign currencies which have a fixed relationship with
your functional
currency, and statistical currency.
You can use recurring journals to create three types of
journal entries:
• Skeleton Journal Entries: Skeleton entries affect the same
accounts each period, but have different posting amounts.
After you generate skeleton journal entries, you can edit
the unposted journal batch using the Enter Journals form
and enter the journal line amounts.
Skeleton journal entries are useful with statistical
information whenever you want to record journals for actual
transactions
based on statistical amounts, such as headcount, units sold,
inflation rates, or other growth factors. For example, if
you want to enter headcount for each cost center every
period, you can define a skeleton entry with your headcount
accounts. After you generate the skeleton entries, enter
the actual headcount
amounts before posting the batch.
• Standard Recurring Journal Entries: Standard recurring
journal entries use the same accounts and amounts each
period.
• Recurring Journal Formula Entries: Formula entries use
formulas to calculate journal amounts that vary from period
to period.

Answer / nossam mallikharjuna reddy

there are 3 types of recurring journals..such as

1.standard recurring journal
2.skelton recurring journal
3.formula recurring journal

1.standard recurring journal:-
journals which are repeating with same account and same amount each and every accounting period is called a standard recurring journal.


2.skelton recurring journal.
journals which are repeating with partial information each and every accounting period is called a skelton recurring journal.

3.formula recurring journal.
in case of formula recurrring journal ,journal amount will be calculated by application using formula.

Answer / priya pusp

Very tru Answer by Mstapps

Steps for payment batch?

2 Answers  

---

necessary steps for ledger creation?

2 Answers  

---

Can I increase/decrease the size of value set?

4 Answers  

---

What is the Reconciliation Open Interface used for in Cash Management?

1 Answers   Ernst Young,

---

What is journal entry flow ?

1 Answers   HCL, Oracle,

---

would anyone tell me what are the expected real time questions in the interviews

2 Answers  

---

What are register in India localisation?

0 Answers   KPIT,

---

Can Supplier numbering be set to automatic?

2 Answers  

---

What are the mandatory accounts that need to be setup in Set of Books?

4 Answers   HCL, Syntel,

---

Why shud we run Expense report import programme in AP..where are we importing from??

1 Answers  

---

how many banks (bank a/c) created in on legal entity level

1 Answers   Path Infotech,

---

Client want to create capital goods assets in PO,Witout using Inventory and he wants to transfer to FA module.what is the steps and how to do.pls explain.

3 Answers   Oracle,

---