Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / pratik pandey
1) When Purchase Order is created
====NO ENTRY====
2)When GR is Posted
Inventory a/c dr.
To GR/IR a/c
3)When Invoice is Posted
GR/IR a/c dr.
TO Vendor
4)Payment made to Vendor
Vendor a/c dr.
To Bank
1)When Sales Order Created
====NO ENTRY===
2)PGI Time
Cost Of Goods Sold a/c dr.
To Inventory a/c
3)Billing doc.released to accounting
Customer a/c dr.
To Sales Revenue
4)Payment Received
Bank a/c dr.
To Customer
| Is This Answer Correct ? | 25 Yes | 3 No |
Post New Answer View All Answers
There are result analysis categories in wip (work in process). What do you mean by the result analysis category reserves for unrealized costs?
How can be or in what way baseline date is important in automatic payment program run?
What are the direct allocation methods of posting in co? : co- cost center accounting
What is the recommended planning sequence, in co? : co- cost center accounting
How does postings happen in mm during special periods?
can any one explain briefly about solution manager in sap
Any one can help me abot any tickets in suport project in GL, AR, AP Please send me any issues on that with answer
How do you go about configuring material ledger?
Why should we use external number range inspite of using internal no. range in Asset Configuration? Plz. give the answer in detials.
Bad Debts :- Friends, Kindly advice how do we configure Bad debts in FI
What do you mean by balances in local currency only? : fi- general ledger accounting
What is High value sale?
Is there a prerequisite for carry-forward activity?
What is clearing? : fi- general ledger accounting
What are automatically set in the asset masters during initial acquisition? : fi- asset accounting
