Interested to Buy Any Domain ? << Click Here >> for more details...
can u explaine what is the purchase life cycle and with entries?
- 2 Answers
- 13538 Views
- Accenture, I also Faced
- E-Mail Answers
Answer Posted / mallikarjun
This is nothing but FI/MM Integration
1.Goods enquiery
Means that when the comp require some material that time
the MM people put enquiery for material.
2.Material quotation
Vendors ll send their purchase quotation to us for their
material based on that quotation we ll select one vendor
and then
3.Purchase order
MM people ll create purchase order and ll send it to
vendors
4. Goods received
Once we received good from the vendor then entry ll be
Inventory of Raw Material A/c dr(BSX)
TO GR/IR CLRG A/C(WRX)
5.INVOICE RECEIVED
Once we receive invoice from the vendor
GR/IR CLRG A/C DR
TO VENDOR A/C
| Is This Answer Correct ? | 6 Yes | 0 No |
Post New Answer View All Answers
What is an asset class? : fi- asset accounting
Can anyone give me real-time coaching in sap fi/co i am residing in marathalli Bangalore.........
How many normal and special peroids can be there in a fiscal year? What is the use of special periods?
How are tolerances for invoice verification defined?
what is drilldown reports? tell me about characteristics & key figures.
What are posting keys?
What do you mean by the depreciation?
What is stored in table t001 ?
What are characteristics values? : co-pa
What are the standard stages of the sap payment run?
what is child order
List the reports in credit management? : fi- accounts receivable
Differentiate between the parking and the holding of documents : fi- general ledger accounting
What is the difference between set screen and call screen?
Explain the various reference methods? : fi- general ledger accounting
