Q.while run APP system generates the two entries,one is for vendor payment and

Q.while run APP system generates the two entries,one is for
vendor payment and second one generates system generates
background entry what is the entry?

Question Posted / skumarvtp

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Q.while run APP system generates the two entries,one is for vendor payment and second one generates..

Answer / shivakumar

when a vendor is paid the normal entry is
Vendor account DR
To cash account or bank account.

In SAP the entry is

Vendor account DR
To bank clearing account

Is This Answer Correct ?

12 Yes

3 No

Q.while run APP system generates the two entries,one is for vendor payment and second one generates..

Answer / jm

1. Vendor A/C ...DR
To Bank Clearing A/c CR

2. Bank Clearing A/c ..DR
Main Bank A/c CR

Is This Answer Correct ?

1 Yes

2 No

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