Interested to Buy Any Domain ? << Click Here >> for more details...
what is meant by procurement cycle?
- 10 Answers
- 33466 Views
- IBM, Yash Technologies, I also Faced
- E-Mail Answers
Answer Posted / an.reddy
procurement cycle means cycle it is integrating with
different modules
it starts from MM
Enquiry
Quation
Purchase order
Goods Receipt
invoice verifaction
Delivey
Billing
payment
the accounting entries will effecting by from
goods receipt
inventory a/c dr
to
gr/ir a/c
invoice verifacation
gr/ir a/c
to
vendor
delivery
cogs a/c dr
to
inventory (finished goods)
billing
customer a/c
to
sales a/c
payment
cash a/c
to
customer
| Is This Answer Correct ? | 54 Yes | 18 No |
Post New Answer View All Answers
How do you ensure correct balances in the financial statement version? : fi- general ledger accounting
What is key figure? : cost center accounting
What are group assets?
Hi 1) question can u explain me a suitation where in we can change from GL Account to Opwen Item Account. 2) What is ACH in SAP please explain in detail.
integration with fi to pp steps
What is a ZM entry, is it recorded in the general ledger, and what does it do?
How do you post cross-company code business area postings?
Describe organisational structure in sap ?
Hi Experts, What is Auto Debit in SAP? please of any body know let me know the answers Regards, Inthiyaz
When do you use special period?
Explain invoice verification (iv) in sap. : fi- accounts payable
How do you manage relationship between two currencies in sap fi?
How Business Process are in sap
How we manage Cheque Management Systems in SAP?
What would be the issues while executing Exhange revaluation where muliple company codes, multiplal operating concerns and multiple controlling area exists ?
