Interested to Buy Any Domain ? << Click Here >> for more details...
what are the accounting entries which get effected in order
to cash cycle
- 8 Answers
- 100528 Views
- Cognizant, Oracle, TCS, Wipro, I also Faced
- E-Mail Answers
Answer Posted / poonam
Accounting Entries for AR
Once the Order is shipped then Material account will be
credit and COGS Account will be debit.
At the time of Invoice creation
Revenue account will be credit and receivable account will
be debit.
At the time of receipt creation.
Receivable account will be credit and Bank payment account
will be debit
| Is This Answer Correct ? | 62 Yes | 9 No |
Post New Answer View All Answers
When we run a GL Reconciliation Report, we also see the void payments in that report. Even though i disable the option of Show Void payments, its appearing in the report.How do i proceed so that i dont see those void payments in the GL Reconciliation Report?
Re: While you are in implemenation what are u faced the issues ? tell me what some ap & GL issues?
I have created an invoice and made the payment in Accounts payable. Now the payment status is Negotiable and accounting status is processed. I reconciled the transaction in Cash Mgmt, The status changed from negotiable to Reconciled in CM. I checked the payment status for the invoice in payment window(AP), the payment status changed to RECONCILED UNACCOUNTED i.e correct but the accounting status is remain processed which is not the correct. I hope the transaction will be correct if the accounting status would have changed to PERTIAL . Please suggest any solution for the above query.
Hi I'm new in ERP - Oracle Application i appriciate if any one help me in this issue i need SQL to get badeget balance Acutal Balance Encumbrance Balance fund Avalable thanx ahmed
How do you adjust receivables?
HI, once we create the standard invoice then we can get journal entry item expense a/c-dr to liability a.c then item it will reflect through inventory, but liability a/c . it will reflect from GL , it is possible .
Substitute receipts and Unordered Receipts
What is meant RD020
how service tax work.
1)What cannot be consolidated in GCS? 2) When you setup calendar in GL is it possible to change it?
Re: what are the Issue that we face in Gl,PO and AP while Supporting
What do you mean by Category Set ? and what is its Relevance ?
I am currently working in reputed Org as a Oracle apps end user (AR). Learned R12 functional course, but no real time exp as in support or implementation project.Please guide. thank you.
How will account an advance of Rs.10000/- which is a permanent prepayment, can I make payment for this?
Charge Back Setups ?
