Answer / jhansi priyanjali

the purchase cycle or procurement cycle encompasses all the activities starting from purchase requistion, rfq, purchase order, goods movement, goods receipt, invoicing, invoice verification,payment to vendor, and ending with updating of vendor account balances.

1) inventory received

Inventory receipt a/c Dr( BSX )
to GR/IR a/c WRX

2) Invoice received

GR/IR a/c Dr wrx
to vendor a/c
Payment

Vendor A/c Dr
to bank a/c



3) consumption

Raw material consumption A/c Dr GBB- VBR
to Raw material A/c bsx


3)production receipt

Inventory finished goods A/c Dr BSX
to increase/decrease stock a/c GBB- AUF , ZOF

What is tresurry bills ? how it works?

0 Answers   Wipro,

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issue :- GL 400009 required an Assignment to Co object. :- Hi Expert Consultant Could you help me please. I checked in Controlling Area CO object. But while GL posting park document, using by T-code FBV0. Rent A/c..Debit and Bank A/c ...Credit. the system is giving Error : GL 400009 required an Assignment to Co object

1 Answers  

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what is meant by special depreciation area

4 Answers   Cap Gemini,

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hi can any one tell me as to what are the posting keys for the SALES INVOICE weather it is 01(Dr) and 50(Cr). And various other Posting keys similarly various others like this.

3 Answers  

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Hallo Frend i m faced 6 to 7 interview and my frend also and we collect this question & required ur different type explanation & answer plz reply. 1. why do we request parallel currency? 2. do we give currency to chart of accounts ? 3.if fiscal years are different for 2 different company codes with usd and inr currencies respectively. how do you generate combined reports in usd currency? 4. is it possible to have different currencies for gl accounts under one chart of accounts ? if yes what is the significance? 5. how the opening & closing of periods is done for fi ? 6. what is the relation between fi & co and ho the accounting flow takes place? 7. explain 2 business scenarios which do you feel have considerable significance and what kind of solutions did you offer while working on the projects? 8. what is the need for balance interest calculation maintenance of setting in case a financial decides on interest rates and loan repayment due dates etc all other issues and we only need to pay the interest amount ? 9. how many currencies can be given to a gl account ? 10.why do we give different posting key for different transactions ?

1 Answers  

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hi can anybody help me.In year 2007 Ihave completed PGDBM (FIN) after completing this I found that there is no opening for pgdbm (fn) fresher they either have to opt for marketing job or join any callcentre for getting finance job.thereafter someone have suggested me to do SAP FI i did SAP FI but after completing this I again found that there is no demand for SAP FI fresher although our institute have given me faqe experience but they have not given any live project training or any interview training now i dont know whether to concentrate on SAP fi job or pgdbm fin job Im in great depression lease someone help me &tell me the way where to go

6 Answers  

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How skf works. Kindly give me t codes also?

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What concept of group asset while we having asset class

2 Answers  

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What is the process to Create Account Assignment Group? How it is going to affect other modules and where shall I update / configure in other modules. Also convey precautionary measures during its customization.

2 Answers  

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A client running the business through world wide,but he has in all branches,all bank accounts in only ICICI Bank a/c's but how many house banks he need to create? How it explain me?

3 Answers   HCL,

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explain true reversal, how is it different from regular reversal? : fi- general ledger accounting

0 Answers  

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When defining a new ledger in the special purpose ledger, how can you retrospectively populate fi data for a previous fiscal year?

0 Answers  

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