What is Journal categories ? and what are reversal methods ?
- 4 Answers
- 16747 Views
- Zensar, I also Faced
- E-Mail Answers
Answer Posted / r k jain
Switch Dr/Cr: General Ledger creates your reversing journal
by switching the debit and credit amounts of the original
journal entry.
This method is often used when reversing accruals.
Change Sign: General Ledger creates your reversing journal
by changing the sign of your original journal amounts from
positive to negative. This reversal method is often used
when reversing journals to correct data entry mistakes.
| Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
There is employee X and employee Y (who is supervisor of X); when Y submits expenses how will the system ensures that this should not go to X even if he has the approval authority.
Explain Customization process?
What kind of necessary ap information you gather from the client?
how to do customization while doing oracle implementation. what is the role of functional consultant in customization?
HI, once we create the standard invoice then we can get journal entry item expense a/c-dr to liability a.c then item it will reflect through inventory, but liability a/c . it will reflect from GL , it is possible .
What is gap analysis, what are the pre-requisities?
Substitute receipts and Unordered Receipts
What is automation of accounts payable activities (evaluated receipt settlement)?
How to Reconciliation AP to CM ? How to Reconciliation AR to CM ?
Invoice Approval Process?
We are running Oracle EBS 11i and yesterday whilst doing my month-end I forgot to select "calculate finance charge" on form ARXSUPST AR Print Statement run. I am struggling to get to My Oracle and was hoping someone out there might have experienced or heard of a similar problem. What are my options to rectify this situation... I look forward to you inputs..... Thank you Regards Salie
Define the activities of the Configuration Manager (AP,GL,FA) in the team. Give examples
What is the Use of Grouping Rule in Receivables ? is it mandatory field ?
What is gap analysis, how do you defined. What are the pre-requisities?
What is gap analysis, how do you defined?
