What is use of AP Accounting Periods?
- 4 Answers
- 14062 Views
- HCL, IBM, TCS, I also Faced
- E-Mail Answers
Answer Posted / nisha
Accounting periods are the periods in which you perform
your operations.Accounting periods are closed so as to
ensure that no accounting entries can be passed in that
period after they are clsoed.Suppose you have issued your
results without closing your accounting periods and then
you chnage some entries in that period thus in turn
misleading the public at large.So it is important to close
your accounting periods.Also, if accounting periods in Ap
are not closed it shall not allow you to run GL.Prior to
closng the periods it is important to ensure that all your
invoices are validated and no hold exists on any one of
them.If hold exists it shall not allow you to run GL.
| Is This Answer Correct ? | 8 Yes | 2 No |
Post New Answer View All Answers
While assigning the security by book in oracle assets..i am unable ot get the asset org in security profile form.This asset org was already defined in org description window.
What are the types of setups in apps inventory module
what is the difference between before pages trigger and after parameter trigger in reports ?
What is meant RD020
How to support projects life cycles details?
What do you mean by Category Set ? and what is its Relevance ?
Write Test Scripts for a telecummunication project on the basis of priority with some examples with regard to AP,GL,FA.
what is the meaning of purchase default and what are the types
what is VAT claim process?
what is the steps to customization ?
What are the inventory report to check inventory status.
How do you adjust receivables?
When we run a GL Reconciliation Report, we also see the void payments in that report. Even though i disable the option of Show Void payments, its appearing in the report.How do i proceed so that i dont see those void payments in the GL Reconciliation Report?
What is the use of gl set of books name, while configure multiorg?
What are register in India localisation?
