Question { Cognizant, 193854 }

What is Debit Memo & Credit Memo in Payables?

Answer

in simple way to say the ...

debit memo: increases the customer balannce..
credit memo: decreases the supplier balance..

Question { Cognizant, 16324 }

difference between manual payment and quick payment?

Answer

manual payment:-the payment process which u can done outside

quick payment:- the payment which u can pay through the
EDI,EFT,,etc..

Question { 9588 }

in general ledger it is posiible for reverse entry in any
another option ( not reverse tab)

Answer

hi,,my dear arvind u dont understand the question? i mean u
didn't consider the question..pls see in the brackets.,.he
said no reverse tab,,

any comment about this,,pls...apprecaiated..

thanks
rahmath

Question { 12156 }

What is ment by asset revaluation?

Answer

revaluation is done for reassesment of foreign currency
denominated as account receivable and accounts payble.

Question { IBM, 18467 }

Can i increse/Decrease ths size of value set ?

Answer

hi,,,guys,,,

yes,,we can increase the value set,but not decrease..this
answer is similar to above thosewho have already
mentioned..this is true.,,,thanks...


regards,
rahmath.
usa

Question { 6711 }

What are the rules for translation?

Answer

translation is a reporting tool, which is used to translate
accounting balances or transactions from functional
currency to froeign currency..

THE RULES OF TRANSLATION..
u cannot enter the jornals in first period..
why beacause this is the rule of FASB(financial accounting
standard board)..
the next and future period should be open.

ex:- jan
feb----enter transactions
mar--open