Instead of using GR/IR clearing account why cant we use
provision for sundry creditors, if yes then why SAP using
GR/IR Clearing Account
Answer Posted / kumar
SAP uses the GRIR clearing a/c as it doesnt want to accept
a liability by crediting the vendor a/c.Aliability can be
accepted only when the goods have been recieved and the
invoice checked.When the invoice is recieved, GRIR is
debited, the vendor a/c is credited & thus we can accept
liability with the vendor
Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
How skf works. Kindly give me t codes also?
How many currencies can be configured for a company code?
How the system will know that april is your first posting period?
What do you understand by variance calculation in period end closing? : cost center accounting
What exactly posting key is in fico and what is its significance?
What is SAP landscape experience? Who will deal with this? How much experience does a candidate have?
Any one please give me some real time tickets with solutions
What is Lock box in sap fico?
What is key figure? : cost center accounting
How do you perform annual closing in sap? : fi- general ledger accounting
Hi all, what is the main difference between ABAV,ABAVON AND ABAVN? i have seen the related answer but there is some misconception.so please provide the most suitable answer. thanks in advance
What is product cost controlling (co-pc)? : co- general controlling
What do you understand by cost center, profit center in controlling?
Is it possible to print the financial statement version on a sapscript form?
What is iterative processing of cycles? : co- cost center accounting