hi to all
what is the usage of legal enitiy in oracle apps r12.
its functions. and why it is necessary plz answer my
question as soon as possible

Answer Posted / sathish kumar

A legal entity is a clearly identified entity which is given rights and commercial responsibilities under commercial law through registration with the countrys appropriate legal authority. Using legal entity configurator you can define the legal entity .Legal entity name,organization name and legal entity identifier and legal address are needed.

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Fundamental accounting assumptions are (a) Materiality. (b) Business entity. (c) Going concern. (d) Dual aspect

1438


we had company we provide work others they deducted tds how to pass entries in my company please tell me

2783


What is accrual accounting?

782


Sales tax waybill is required for how much value of invoice (for example we raise Rs.1000 bill is waybill required in andhra pradesh)

1960


1)What is E-1 Sales (Sales in Transit) Full Guidence From Issue to receipient. 2) What is F Form How Are procedure

1358






my brother is out of country i have lost his bank passbook when i was going to bank for the entries is their essential to take duplicate pass book can my brother is present for this.

1139


what is a corporate chart of accounts and its purpose?

1362


What are the advantages & disadvantages of double entry system?

636


input vat, wht use in wct

1656


we are a trading company providing devices and some times after sales service. when any defect came we just replace the hardware from another defective device and getting the payment from the customer. how can we account that? is there any tax implications for this?

2733


What is tally accounting?

704


Tell me what a deferred asset is and give an example?

625


Hi sir, Our appointed one agent for sales promotion activities. This agent doing the job "canvas of our product". My quires 1)it is eligible for service tax and how to accounted. 2) this transaction is direct expenses or direct expenses? Pl suggest me

1312


is there is mentioned that we can adjust excess debtors with creditor in the stock statement while calculating Drawing Power

1197


What are premises in accounting sense? What is vat adjustment?

644