What is Revenue Recognition? It's relevance with SAP SD
module along with it's detailed configuration procedure &
steps?
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Answer Posted / chandrabhan patil
Hello everyone,
RR is run to ecognize the revenue in particular
period.Revenue is recognized as cash received or on accrual
basis.To show the correct picture of profit and loss
account we have recognized the revenue in particular period
though the goods are in transit.Generally we use T Code-
VF44 to recognize the revenue on monthmise or datewise as
we are incurring expenses. If we not recognize revenue or P
&Loss accounts shows negative picture.And we feel that this
bussiness incurring losses to us.So, we might take wrong
decisions on that financial picture.
- Chandrabhan Patil
| Is This Answer Correct ? | 3 Yes | 0 No |
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