If there is a balance on GR ; what we need to do ?
Answer Posted / vijay
GRIR is a clearing account so the account should always be
cleared with out balances it means there is some invoice
pending for payment we have to post the invoice , if there
is no invoice we have to credit to vendor payable liability
account later if vendor provides balance invioce again
debit liabilty account and credit GRIR account then again
debit GRIR credit vendor account .So that clearing account
will be closed
Is This Answer Correct ? | 5 Yes | 1 No |
Post New Answer View All Answers
How do you take the balances onto fixed asset reconciliation accounts during data take-on?
How do you open and close periods?
What is done by gr/or regrouping program?
How to map Idocs in app
Explain manual cost allocation? : co- cost center accounting
How do you deal with tax when you post an invoice? : fi- accounts payable
Hai brothers this is praneeth from khammam. i can complete my sap fico training at 2014. but at that i will not able to get the job with some family reasons. present i want get sap job. i cant remember some topics so any give the training to me interview point of view. present iam not working only prepare for sap. anyone can u pls help me.if u not able to training then can u pls send materiel configuration steps and interview question and answers material. cell no : 9959078088 mail id : pirangi.praneeth@gmail.com.
What is collective processing of gl accounts? : fi- general ledger
What are characteristics values? : co-pa
How do you manage outgoing partial payment for the vendor in fi?
if New plant is arrived what are the pre checks we will perform from Controlling end?
How does the dialog handle user requests?
What is key figure? : cost center accounting
What is the difference between profitability analysis and profit center accounting?
What components of the r/e system begin the start of background jobs at the specified time?