what is meant by procurement cycle?
- 10 Answers
- 30461 Views
- IBM, Yash Technologies, I also Faced
- E-Mail Answers
Answer Posted / an.reddy
procurement cycle means cycle it is integrating with
different modules
it starts from MM
Enquiry
Quation
Purchase order
Goods Receipt
invoice verifaction
Delivey
Billing
payment
the accounting entries will effecting by from
goods receipt
inventory a/c dr
to
gr/ir a/c
invoice verifacation
gr/ir a/c
to
vendor
delivery
cogs a/c dr
to
inventory (finished goods)
billing
customer a/c
to
sales a/c
payment
cash a/c
to
customer
| Is This Answer Correct ? | 54 Yes | 18 No |
Post New Answer View All Answers
What is the relevance of defining chart of account?
What is an account currency?
Where is the Cost come from to CO-PA ?
cost accounting cost of ordering raw materials 1000 per order packing material 5000 per order cost of inventory raw material 1p. per minute packing material 5.p. per unit p.m production rate 200000 units per month
how do you capitalize auc in sap? : fi- asset accounting
What are account assignment models?
Where do you attach the check payment form?
Hi What is a STAGING CLIENT in our Land scape? a bit of confusion in this
Why do we perform cost center planning? : cost center accounting
What are all the major components of a chart of accounts?
Hi all..I have been preparing and trying job in SAP fico for last one year by keeping 3 yrs exp. I could not join Accenture and CTS due to verification though i got offer. can somebody suggest me small and medium seized companies where i can try for sap opening, you can mail me to kprasath05@gmail.com...
What are the implications if the operation scrap is maintained in the routing and if it maintained in the bom?
What is an asset transfer date? : fi- asset accounting
can anyone please share SAP FICA interview questions and answers ?
Explain asset accounting? : fi- asset accounting
