Interested to Buy Any Domain ? << Click Here >> for more details...
where should Accrual account define in account payable that will affected during Invoicing?
- 1 Answers
- 2667 Views
- I also Faced
- E-Mail Answers
Answer Posted / tgs100
Expense accrual accounts are defined in Purchasing options and Inv accrual accounts are defined in the Inv Org.
When expense accounts are received, expense is debited and exp accrual is credited. In the same way, when inventory item is received, inventory - Dr and Inv Accrual - Cr
When invoice is created and matched with PO/Receipt, the corresponding accrual is relieved and liability is credited.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
What do you mean by controlling buyers workload?
HI, once we create the standard invoice then we can get journal entry item expense a/c-dr to liability a.c then item it will reflect through inventory, but liability a/c . it will reflect from GL , it is possible .
What is multi org? What is difference between 11i and 12i multi org structure?
What is meant RD020
Charge Back Setups ?
Difference between header level tax calculation and line level tax calculation
Payables Applications Technical Reference Manual
Do you track and record relationships between customers e.g. franchises, subsidiaries etc.?
Explain Customer Creation and Maintenance Process. Provide samples of customer master records with Payment Terms.
Provide an overview of AR cash receipt processing.
Give examples & explain the below mentioned activity. "Analyzing the documents provided by the client and thereby identifying the test cases to be tested for the application assigned (FA, AP and GL)"
Re: While you are in implemenation what are u faced the issues ? tell me what some ap & GL issues?
On what different real time issues you worked while doing P2P cycle implementation?
What is the use of operating unit, while configure multiorg?
Explain Customization process?
