where should Accrual account define in account payable that will affected during Invoicing?
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 |
What is the difference between Currency Translation, conversion and revaluation?
What difference between Approval Hierarchy and Employee Hierarchy ?
What is the formula for funds available?
How can i deactivate the segment value?
What is Recurring Invoice
whichever documents prepaired by the FUNCTIONAL CONSULTANT while implementing project by using AIM.
What are the modules covered under oracle finance
What is ment by retire asset? How do we retire assets in Oracle applications?
To implement AP from scratch-what is the process?
Difference between quick payment and manual payment?
Which factor decide how many segment in our structure?
how data is transferred from interface table to base table ?