Answer Posted / sarwar husain (mba, mcom)

Entries followed by MNCs.
1:Purchase of Goods A/C Dr.
To GR/IR A/C

2:GR/IR A/C Dr.
To Vendor's GL A/C

3:Vendor's GL A/C Dr.
To Bank's GL A/C

Entries followed by other big/medium players.
1:Purchase of goods A/C Dr.
To Goods reciept note(GRN)A/C

2:GRN A/C Dr.
To Invoice payble A/C

3:Invoice payble A/C Dr.
To Bank A/C

Entries followed by SMEs.
1: Purchase A/C Dr.
To Vendor A/C
2: Vendor A/C Dr.
To Bank A/C

How do you manage outgoing partial payment for vendor in fi?

696

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Explain a sales cycle in sap? : fi- accounts receivable

656

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What is credit control area in sap?

620

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A finance document usually has an assignment field. This field automatically gets populated during data entry. Where does it get its value?

716

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In sap fico what are the terms of payment and where are they stored?

699

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What do you mean by organizational units in sap?

606

---

Explain about fi organizational structure?

644

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What is cost center hierarchy? : cost center accounting

695

---

What is year dependent fiscal year variant?

670

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Is there an easy way to maintain exchange rates in sap?

567

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How many dunning levels can be defined? : fi- accounts receivable

695

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What is a document in sap? : fi- general ledger

588

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Explain assessment in secondary cost planning? : co- cost center accounting

595

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What are the customizing prerequisites for document clearing?

802

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What is pre-closing? : fi- general ledger master data

575

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