What are the accounting entries in p2p cycle??
- 8 Answers
- 95133 Views
- Sierra Atlantica, TCS, I also Faced
- E-Mail Answers
Answer Posted / r dhamu
System will not generate Entries for Requisition, Quotation and Purchase Order.
When we receive the Goods &Receipt
Inventory Receiving A/C Dr
Inventory AP Accural A/C Cr
When Goods Move to Inventory
Inventory Material Value A/C Dr
Inventory Receiving A/C Cr
When we enter the Invoice in AP Module
If we match with PO
AP Accrual A/C Dr
Liability A/C Cr
If we do not match with PO
Charge or Item Expense A/C Dr
Liability A/C Cr
When we issue the Payment for entered Invoice
Liability A/C Dr
Cash Clearing A/C Cr
When Reconcile or Clear the Payment
Cash Clearing A/C Dr
Cash A/C Cr
| Is This Answer Correct ? | 8 Yes | 0 No |
Post New Answer View All Answers
We are running Oracle EBS 11i and yesterday whilst doing my month-end I forgot to select "calculate finance charge" on form ARXSUPST AR Print Statement run. I am struggling to get to My Oracle and was hoping someone out there might have experienced or heard of a similar problem. What are my options to rectify this situation... I look forward to you inputs..... Thank you Regards Salie
What kind of budgets have you worked on?
difference between tds and income tax (India)
On what different real time issues you worked while doing P2P cycle implementation?
What do you mean by Category Set ? and what is its Relevance ?
What is the db number of a particular customer TCA?
explain with examples what r the roles & Responsiblities of a functional consultant who reviews the Test Scripts, Test Cases and Test Execution Results of AP, FA and GL.
Substitute receipts and Unordered Receipts
What is the Process of Reconciliation Between AP to GL
1.what is the name of program to create invoice automatic from po.? 2.How to auto upload the bank statement? 3.PO tax has not flown to invoice . why? Debit memo not generated for return of goods.??
What is the Use of Grouping Rule in Receivables ? is it mandatory field ?
Recurring Problem Posting i have Journals for sep 2018 that i approved but they are not available to post even though the period is open in Oracle R12 Issues
I am traying to access oracle functiona/ technical interview questions asked by the consultancy "infosys", but i cant find anything when i go the to the links, i need the oracle erp techno functiona questions pls, Thanks, in advance Tovia
what is the difference between bonus reserve and bonus expense
Can I do a payment of 50 bills on a post date. If yes, then how?
