When does the Invoice price variance arise? What is the
accounting entry?
Answer Posted / raghesh
Price of a PO different from in Invoice because of exchange rate is termed as invoice price variance
AP accrual A/C --------------- Dr 100
Invoice price variance a/c----- Dr 10
TO,
Liability A/C -----------------Cr 110
| Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
What is difference between primary and secondary ledger
how to do customization while doing oracle implementation. what is the role of functional consultant in customization?
Anyone provide the oracle fin/scm definetions
There is employee X and employee Y (who is supervisor of X); when Y submits expenses how will the system ensures that this should not go to X even if he has the approval authority.
Re: While you are in implemenation what are u faced the issues ? tell me what some ap & GL issues?
Write Test Scripts for a telecummunication project on the basis of priority with some examples with regard to AP,GL,FA.
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 is the use of operating unit, while configure multiorg?
I have a requirement where during the consolidation into USD (from GBP books) I want use two different exchange rates for two consolidations. Child SOB is same but the Parent SOB's are different. How can this be done in Oracle Financials? Answers will be Appreciable. Thank You.
Hi I'm new in ERP - Oracle Application i appriciate if any one help me in this issue i need SQL to get badeget balance Acutal Balance Encumbrance Balance fund Avalable thanx ahmed
How do write a discoverer report to identify zero dollar suppliers/invoices where the supplier is on hold?
How to Reconciliation AP to CM ? How to Reconciliation AR to CM ?
how we can stop the transaction for not transfer to the reporting ledger at the time of entering the transaction in pl
What is the Process of Reconciliation Between AP to GL
What is the db number of a particular customer TCA?