When does the Invoice price variance arise? What is the
accounting entry?
Answer / raghesh
Price of a PO different from in Invoice because of exchange rate is termed as invoice price variance
AP accrual A/C --------------- Dr 100
Invoice price variance a/c----- Dr 10
TO,
Liability A/C -----------------Cr 110
| Is This Answer Correct ? | 2 Yes | 1 No |
What are the types of key Flexfield forms?
1)I created a business group BG and assigned profile classes to that and my question is a)In purchasing financial options under human resource tab unable to see my BG but VISION CORPORATION is coming. b)at ledger level operating units page whenevr adding my OUs vision corporations are showing instead of my BG. 3)Tell me after create my BG assign profile classe to my RESP then wht is the next step with BG
1: What is major difference between Bank and Bank Account?
What is meant by third party payments?
I have a requirement where during the consolidation into USD (from GBP books) I want use two different exchange rates for two consolidations. Child SOB is same but the Parent SOB's are different. How can this be done in Oracle Financials? Answers will be Appreciable. Thank You.
What is the way in which a Trial Balance of a company be loaded into Oracle; assuming that there are no sub-ledger transactions to be loaded?
How to refund for a customer who returns goods and wants a refund for $600 in R12 In above scenarios customer does not want Credit Memo or On- Account Credit, he wants refund check . and as we know we do not issue check from AR. How can we issue Check from AP and how offsetting is done for the same in R12
What is difference between primary and secondary ledger
types of valuesets
Whether is it allowed for entering negative amount in Journal lines?
difference between tds and income tax (India)
On what different real time issues you worked while doing P2P cycle implementation?