If we have received a check from customer on 02 feb.10,
deposited in bank on 3rd and check cleared on 5th feb. what
are the journal entries should be passed for all three
days?
- 9 Answers
- 18445 Views
- IBM, I also Faced
- E-Mail Answers
Answer Posted / judson
Debit the bank and credit the customer on 3rd, in-case the check is not honored reverse the entry and raise a debit note for the bank charges.
| Is This Answer Correct ? | 4 Yes | 6 No |
Post New Answer View All Answers
Hi SAP friens, i am a beginner in SAP-FICO and started giving interviews...i am struggling and lost couple of interviews because I couldnot tell any tickets/issues...can you help me by sending some tickets/issues to my mail id - rajendranmba@gmail.com...it would be of great help to me to clear the interview...please help.
Hi Could you please share the process of migration of Classical GL Balances to New GL Balances. What are the actions / precautions we need to take at the time of New GL Migration time.
Can you select direct fi posting for a depreciation run? : fi- asset accounting
What is the use of account payable in fi?
What is a payment block? : fi- accounts payable
I know that in version ECC6 exists the functionality of document splitting like this: If an Invoice is for 11,000/-.Then we write the GL as : vendor A/C Dr XXXX to Purchase 1 XXX to Purchase 2 XXX to Tax XX But through Document Splitting we can write it based on the %age of sharing as 80 : 20%.. Vendor A/c 8,800(DR) Purchase A/C 8,000(Cr) Tax 800 (Cr) Vendor A/C 2,200 (Dr) Purchase 2000(Cr) Tax 200(Cr) This is called Document Splitting But when you talk about tax, you mean a line item created manually like tax or a document where you complete the tax code and the line is created automatically? Thanks a lot in advance. REgards,Lorena
Explain open sql vs native sql?
Explain the configurations required for taxes in sap?
What is a credit control area in sap ?
Differentiate manual check deposit from electronic check deposit? : fi- general ledger
What is a posting key and what does it control in sap ?
What are the fundamental components of dialog program?
What are all the major issues you faced during implementation ?
what is the customization to be done when we save the purchase order sys should pass the mail to manager purchases for approval or release
Hello everyone, can any one please give me the full configuration step by step of COPA in CO.It's very urgent. Plz send it to my mail id- sandip.palit81@gmail.com Thanks in advance.
