What is the difference between accrue at period end and
accrue on receipt?
- 1 Answers
- 5174 Views
- Wipro, I also Faced
- E-Mail Answers
Answer Posted / prasad
Accrue on Period
The Goods/service items which are already received by the Organisation however pending for receipt to be craeted,
a provision for Journal entry posted for these type of accrual which is payable in near future and is due for payment.
(Value already entered/reflect in the System - GL)
Accrue on Receipt
The Goods/service items which are already Receipt created, and is due for payment.
(Value already entered/reflect in the System - Receipt )
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
how to do customization while doing oracle implementation. what is the role of functional consultant in customization?
How will account an advance of Rs.10000/- which is a permanent prepayment, can I make payment for this?
could you please post some work around that any body have done in the financial modules.
What is the Use of Grouping Rule in Receivables ? is it mandatory field ?
Charge Back Setups ?
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.
What are register in India localisation?
I have created an invoice and made the payment in Accounts payable. Now the payment status is Negotiable and accounting status is processed. I reconciled the transaction in Cash Mgmt, The status changed from negotiable to Reconciled in CM. I checked the payment status for the invoice in payment window(AP), the payment status changed to RECONCILED UNACCOUNTED i.e correct but the accounting status is remain processed which is not the correct. I hope the transaction will be correct if the accounting status would have changed to PERTIAL . Please suggest any solution for the above query.
difference between primary ledger and secondary ledger in r12
What do you mean by Category Set ? and what is its Relevance ?
please explain with examples the below mentioned "Creating the end to end business scenarios and executing the scenarios to perform the regression testing".
How to do the analysis of discounts lost and fixing the root cause?
what is the difference between before pages trigger and after parameter trigger in reports ?
What is gap analysis, how do you defined. What are the pre-requisities?
What is the meaning holding tax?
