what is open item managed account?
Answer / durga bhavani
we select open item mangment check box which account we
want to clear.that means for liablities and balance sheet
accounts and where the clearing is required at that time
weselect openitem management. suppose for rent provision
rent ac..dr to outstanding out standing is a liablity at
that time we select openitem management check box in fsoo
at the time of creation of outstanding account
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Raman site engineer joined on 1-1-2009 in the company with an agreed salary of Rs 20000/-. On the joining date he was given advance of Rs 50000/-agreeing for adeduction of Rs 7500/- for month from salary. Pass salary entry till March,and let me know the advance balance as on 1st April
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