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

Explain the two uses of blocking an account? : fi- general ledger accounting

0 Answers  

---

Can you post an a/c document if the credit is not equal to the debit?

0 Answers  

---

What is a resource in co? : co- cost center accounting

0 Answers  

---

in app there are diff vendor items,then how can you pickup perticular 95,96 items in apprun?

2 Answers   Infosys,

---

what are the gaps exist in sap fico implementation?

4 Answers   IBM,

---

what is an automatic posting? : fi- general ledger accounting

0 Answers  

---

How do we create tasks? What is the difference between task and change request?

0 Answers   IBM,

---

How do you define a new company code?

0 Answers  

---

How many years we can open at a time in asset a/c?

4 Answers   Cap Gemini,

---

What are closing operations? How we have done closing operations?

3 Answers  

---

what is mean by blueprint

1 Answers  

---

When Do MIRO the Frieght Charges included in purchase Invoice, Please I want to Frieght cost to inventory cost how to configure same

0 Answers  

---