What is purchase Cycle-Give journal entries.How FI effected(
FI-MM Integration)
Answer / jhansi priyanjali
the purchase cycle or procurement cycle encompasses all the activities starting from purchase requistion, rfq, purchase order, goods movement, goods receipt, invoicing, invoice verification,payment to vendor, and ending with updating of vendor account balances.
1) inventory received
Inventory receipt a/c Dr( BSX )
to GR/IR a/c WRX
2) Invoice received
GR/IR a/c Dr wrx
to vendor a/c
Payment
Vendor A/c Dr
to bank a/c
3) consumption
Raw material consumption A/c Dr GBB- VBR
to Raw material A/c bsx
3)production receipt
Inventory finished goods A/c Dr BSX
to increase/decrease stock a/c GBB- AUF , ZOF
Is This Answer Correct ? | 14 Yes | 0 No |
Can we post less amount through standard payment?. how?
Period not open for a/c type S :- Guys, I have not been able to fix this out. Please guide what procedure to be followed. error: ''''Period 001/2011 is not open for account type S and G/L 799999''''. I''ve checked OB52 screen but not very sure what amendments to be done.
How are controlling areas and company codes related?
What is the configuration required for additive costs?
What is ment by Onsite and Offshore Project.can any 1 explain me.
5 Answers Hindalco, SAT InfoTech, Wipro,
hi all i create the fbzp config and run the program but when we payment run carried out what is the problem. i checked open items is there give the payment method and payment terms
If a vendor raised about 10 invoices on a same day. Invoice numbers start with 111 to 120 and asked to pay for Invoice no 115 through APP. How to configure it.
What is a standard hierarchy? : co- cost center accounting
1. how can see that how much the vendor is owed 2.how do u reverse a MIRO invoice 3. how do u pay vendor in foreign currency
Explain the usage of the financial statement version tool in sap software.
how sap is helpfull for a bussiness
While posting Asset Scrapping in ASset Accounting. If we get revenue from that ASset Scrap how can we adjust it the Asset. Becoz the total scrap value is LOSS on ASset scrap. But in general there will be some revenue when we scrap asset how to treat it and adjust it