What is short term > debtors & Creditors ??
What is Long term > debtors & Creditors ??

Answer Posted / parandham

Short term:<365 days from the invoice date
Long term:> 365 days from the invoice date
As per the customer confirmation we have to move respective
invoice to short term/long term.

In SAP: Short term/long term we have to creat one spl GL
Indicator which is determine short term/long term.

for example for long terms O is the spl GL N for long term.

Is This Answer Correct ?    2 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

rents part of its building for a monthly fee of $1,250. The rent for the month just past has not been received.

1620


How create the invoices?

1582


explain the relevance of closing stock account in trading a/c when preparing the gross profit?

2071


hi ,i need some suggestion,comptd my graduation in 2012,but i wasted my time for 6 month,just i want 2 escape from this question,what u did for 6 months,how can i give proper anser to them?pls suggest me

1830


Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.

1415






Define public accounting?

653


Do you know what is double-entry accounting? Explain with an example?

600


What is executive accounting?

710


Tell me what does the investment of personal assets by the owner will do?

654


How the Depreciation will calculate in Company?

1708


What are the AP accounting entries for EXPENSE ITEM VS Inventory Item in oracle ERP

2787


What is use of subject history in banking?

2211


Tell me what is the abbreviation for the accounting terms debit and credit?

566


suppose we received goods from H.O.The sisterconcern received it.wat will be the entries if tge S.C.sells it from here.

1742


A manufacturer want to sale his product in Rs 110/ where his manufacturing cost is 100.what will be tax for the product in different way.If he want to sale his product outside the state then what will be the taxation way. I want to know as urgent.Hope you will describe me as brakewise statement with example.

1519