What are the accounting entries in p2p cycle??
Answer Posted / kishore
At the time of receipt
------------------------------
Receiving inventory a/c dr
to Inventory AP Acurral a/c
At the time of invoice
--------------------------------
Inventory AP Accural a/c dr]'
to Liability a/c
At the time of payment
-------------------------
Liability a/c dr
to Cash or Bank
Is This Answer Correct ? | 31 Yes | 16 No |
Post New Answer View All Answers
What is the use of operating unit, while configure multiorg?
What is difference between primary and secondary ledger
What is meant RD020
could you please post some work around that any body have done in the financial modules.
difference between primary ledger and secondary ledger in r12
what is VAT claim process?
Anyone provide the oracle fin/scm definetions
Explain Customer Creation and Maintenance Process. Provide samples of customer master records with Payment Terms.
Hi guys, any person available ap,ar material pls send me this mail.id sreenathapps09@gmail.com
In Subinventories Form, how to enable the Locator Control. A message displayed when changing the drop down list "FRM-40200: Field is protected against update.
What is the Invoicing System in Oracle R12
I am traying to access oracle functiona/ technical interview questions asked by the consultancy "infosys", but i cant find anything when i go the to the links, i need the oracle erp techno functiona questions pls, Thanks, in advance Tovia
What is gap analysis, how do you defined?
difference between tds and income tax (India)
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.