:: Home Page            
 Advertise your Business Here     
Browse  |   Placement Papers  |   Company  |   Code Snippets  |   Certifications  |   Visa Questions
Post Question  |   Post Answer  |   My Panel  |   Search  |   Articles  |   Topics  |   ERRORS new
   Refer this Site  Refer This Site to Your Friends  Site Map  Bookmark this Site  Set it as your HomePage  Contact Us     Login  |  Sign Up                      
Categories >> Software >> ERP CRM >> SAP >> FI CO


 Basis interview questions  Basis Interview Questions (812)
 ABAP interview questions  ABAP Interview Questions (2422)
 SAPScript interview questions  SAPScript Interview Questions (127)
 SD interview questions  SD Interview Questions (1944)
 MM interview questions  MM Interview Questions (348)
 QM interview questions  QM Interview Questions (8)
 PP interview questions  PP Interview Questions (133)
 PM interview questions  PM Interview Questions (21)
 PS interview questions  PS Interview Questions (20)
 FI CO interview questions  FI CO Interview Questions (1645)
 HR interview questions  HR Interview Questions (434)
 SAP CRM interview questions  SAP CRM Interview Questions (261)
 SRM interview questions  SRM Interview Questions (11)
 APO interview questions  APO Interview Questions (18)
 Business Warehouse interview questions  Business Warehouse Interview Questions (622)
 Business Workflow interview questions  Business Workflow Interview Questions (9)
 SAP Security interview questions  SAP Security Interview Questions (332)
 SAP Interfaces interview questions  SAP Interfaces Interview Questions (4)
 Netweaver interview questions  Netweaver Interview Questions (144)
 SAP ALE IDocs interview questions  SAP ALE IDocs Interview Questions (47)
 SAP B1 interview questions  SAP B1 Interview Questions (57)
 SAP AllOther interview questions  SAP AllOther Interview Questions (90)
When we will use GR/IR clearing A/c?
 Question Submitted By :: FI-CO
I also faced this Question!!     Answer Posted By  
# 1
It is G/L Account (Balance-sheet: Liability) in SAP.
We use this account for purchasing from Purchase Order only
because in this account posting makes automatically through
MM to FI. (Standard Practice)

Purpose: GR/IR clearing A/C holds the value of GR(MIGO) &
When create the Invoice w.r.t P.O. it flush the value from
the A/C.

Hope this is Helpful..!!

Please post answer if you have more info.
Is This Answer Correct ?    10 Yes 1 No
Durgesh M. Kadam
# 2
GR/IR Clearing a/c is used in Automatic account posting while doing the Goods Reciept (MIGO)

stock a/c Dr
to GR/IR clearing A/c MIGO -Goods Reciept


GR/IR clearing A/c Dr MIRO
To Vendor A/c
Is This Answer Correct ?    3 Yes 1 No
Amit Chandola
# 3
If there is a quantity variance between the goods receipt
and the invoice for a purchase order, this results in a
balance on the GR/IR clearing account. The system expects an
additional goods receipt or an additional invoice to clear
this balance. If this is not done, you must clear the GR/IR
clearing account manually.
MB5S Tcode for list of GR/IR Balances.
MR11 Tcode for Maintain list of GR/IR Bala
Is This Answer Correct ?    1 Yes 0 No

Other FI CO Interview Questions
  Question Asked @ Answers
how two differnt banks can assign to one house bank Wipro 1
what is meant by procurement cycle? Yash-Technologies 10
please explain fi-sd integration with dtailed, thank u   2
what is functional area?   3
suppose if client wants to open all the periods up to 2016 how to do that? TCS 4
Asset reversal prior year in SAP. Could you please let me the process to reverse a prior year of an asset with depreciation and the risk that it might involved? Many thanks M&M-Associates 2
Hi! this is sujatha. How to involve a fi/co consultant in sap project life cycles?   4
Do you transfer the master data from development server to production server ? iGate 6
Explain the TDS Procedure & its T.Code   4
How part payment will be done in app is it possible if possible how and if not how? MGL 2
what is the cost objects in sap? NTT-Data 1
what is retained earnings? What is the use of that?   5
For more FI CO Interview Questions Click Here 

Copyright Policy  |  Terms of Service  |  Articles  |  Site Map  |  RSS Site Map  |  Contact Us
Copyright 2013  All Rights Reserved.   ::