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

2 Answers
9243 Views
Wipro, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

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

Post New Answer

More SAP FI-CO (Financial Accounting & Controlling) Interview Questions

What is operating concern in co-pa? : co-pa

0 Answers

What is an operating concern and what is its relationship with a controlling area in co?

0 Answers

hi can anybody tell me how can i geet a first break in my carrer as SAP FI CONSULTANT. as i have completed my sap fi training & i used to check opportunities on net & there is no any demand for fresher& if I m interview ing myself as experience holder using fake experience . how can I answer their practical questions

6 Answers

what does filed status group assigned to a gl master record controls..?

4 Answers

Explain the importance of asset classes. Give examples?

0 Answers

What are substitutions and validations?

0 Answers

For what do we calculate the VAT and TDS which is for Customers & which is for Vendors? please reply soon

5 Answers

What is the Tcode for downloading chart of accounts with reference to P&L and Balance Sheet. When i Download the Chart of Accounts with F.10 its showing only GL long text and GL Account number but i want to know whether the GL belongs to P&L OR Balance sheet

4 Answers

Differentiate between real and statistical postings in co? : co- general controlling

0 Answers

what is the difference between field status group and field status variant asked at tcs

4 Answers TCS,

How do you copy plan data from one period to another? : co- cost center accounting

0 Answers

While defining chart of account, there is field "manual creation of cost element" and "automatic creation of cost element", what is it?

0 Answers

For more SAP FI-CO (Financial Accounting & Controlling) Interview Questions Click Here