Answer / narayana.chinni

Invoice Price variance is the difference between PO price and invoice price

Ex:- PO anount:10 qty:10

Receipt and invoice qty: 11

So the accounting entry would be

Receiving inventory a/c Dr 100
To AP inv accrual a/c Cr 100

When invoice is matched with PO:

AP inv accrual a/c DR 100
Invoice price variance a/c DR 10
To Liability account 110

What is elimination?

2 Answers   Ernst Young,

---

How many reporting Set of Books can be attached to one primary Set of Books

8 Answers   HCL,

---

In Accounts Paybles what is the meaning holding tax ? Can u give the answer holding journal entry

3 Answers   IBM,

---

What all elements is set for the Responsibilities ?

3 Answers   IBM,

---

What are the tables associated with Invoice?

2 Answers  

---

What are diff between item master organization and child organization ?

1 Answers   Logica CMG,

---

What is Proxima Payment Terms?

2 Answers  

---

Payable And Financial options?

1 Answers  

---

While setting up the cross validation rules is it necessary to enable the SECURITY RULE check box along with CROSS VALIDATION RULE check box in flexfield structure. plz clarify my dt

3 Answers  

---

What are mandatory steps for payable module before entering transaction ?

6 Answers   Cap Gemini,

---

can u make payment across two legal entity ? ex:- one primary ledger, two legal entity and one legal entity have "A" operating unit and another legal entity have "B" Operating unit .. i posted invoice in "A" OU, can i make payment through "B" OU ? if Yes what is mandatory setups ?

2 Answers   Cap Gemini,

---

Which interface tables are used for Invoice Import?

5 Answers  

---