What is short term > debtors & Creditors ??
What is Long term > debtors & Creditors ??
Answer Posted / parandham
Short term:<365 days from the invoice date
Long term:> 365 days from the invoice date
As per the customer confirmation we have to move respective
invoice to short term/long term.
In SAP: Short term/long term we have to creat one spl GL
Indicator which is determine short term/long term.
for example for long terms O is the spl GL N for long term.
| Is This Answer Correct ? | 2 Yes | 2 No |
Post New Answer View All Answers
I have deducted Notice pay Rs. 5000/- in which account to be booked the same enty, what is the head for notice pay in profit and loss a/c.
Do you know the term account payable?
When we paid TDS on commission how will journal entry come
A manufacturer want to sale his product in Rs 110/ where his manufacturing cost is 100.what will be tax for the product in different way.If he want to sale his product outside the state then what will be the taxation way. I want to know as urgent.Hope you will describe me as brakewise statement with example.
Received Invoice from Tvs Co. against purchase of 15 pcs of Mouse @ 750 excluding VAT 4%, Pass journal entry in the necessary books of accounts?
Can you please explain the difference between differentiate between consignor and consignee?
Is it possible contra entry in SAP FICO
Do you know what is project implementation?
Tell me what is your track record for consistently achieving your targets?
how to calculate accrued interest on fdr?how to see from bank statement????basic procedure plz advice..
Explain the meaning of long-term notes payable is or long term liabilities?
journal entries for money received from RBI by the banks IN CASE OF INSUFFICIENCY
How i should sellone the mobile phone when interviewer will ask sell this phone to me?
What are the rules for debit and credit for different accounts to increase the amount in your business accounts?
What is recording damage inventory in books of account?