what is invoice variance in ap
Invoice Price variance is the difference between PO price and invoice price
Ex:- PO anount:10 qty:10
Receipt and invoice qty: 11
So the accounting entry would be
Receiving inventory a/c Dr 100
To AP inv accrual a/c Cr 100
When invoice is matched with PO:
AP inv accrual a/c DR 100
Invoice price variance a/c DR 10
To Liability account 110
Is This Answer Correct ? | 0 Yes | 0 No |
Hi, I am presently working in one of the reputed BPO in Oracle Finance(end user) but i am interested to work in Oracle consultant or Oracle support. Can any one provide the materials.
What is the db number of a particular customer TCA?
what is receipt source and receipt class
In R12 What are the PO types in Purchasing and Invoices in AP?
On what different real time issues you worked while doing P2P cycle implementation?
6. TDS accounting entry
I hv done revaluation corectly even got the result also but why report showing in warning mode in view window after refreshing ?
Supplier send Material to company as on year end I.e. 31 st march. Company recd the material at store . but invoice not came with material as on 31 st march can company add martial in stock ? what is the entry in stoke and what is the liability to supplier in oracle apps
What is is "Depreciable Basis" which is coming in "Asset Register Report" in Oracle Fixed Assets. How to calclate the Original Cost to get the same value which is coming in the Report. I got the information that Cost - Salvage Value. Its working fine only with One Addition. If we have multiple additions, then I am not getting calculated these Depreciable Basis Amount which is coming in Asset Register Report. Can any one help me out in getting this value calculation Please. Thanks & Regards, Rajkumar Peddi Cell: 9849024872
Can you hold partial payments? And how can that be achieved?
What is the Process of Fixed Asset From Inducation to Disposal & what are the journal entry in GL , AP AND IN OTHER MODULES
What is ment by leased asset?
2 Answers Chartered Accountant, Sierra Atlantica,