Answer Posted / irfan khan

PROVISION IS KEPT WITH THE NAME OF A PARTICULAR LIABILITY
AND IT IS CHARGET TO PROFIT AND LOSS ACCOUNT WHERE AS
RESERVE IS KEPT FROM PROFIT AND LOSS APPROPRATION ACCOUNT
FOR GENERAL PURPOSE TO UTILIZE OR ORGANIZATION EXPANSION

What is fitting and fixtures?

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How can you made payment when bill come from vendor, what is the bills have you check.

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Please advise how to calculate net asset....

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What procedure for excess payment to supplier I would like know without adjusting invoice that means how supplier will send back excess amount how do in oracle apps?

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what is the head for stock trnasfer

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Please describe your experience in inventory reporting & valuation including reconciliation of inventory accounts.

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