Answer / uma ulisi

Invoice Price variance is the difference between the
Purchase Order Price and Price entered in AP Invoice for
PO Matched Invoices. The difference is Debited or credited
to Invoice Price Variance Account

Ex :

Po price =10 qty=10
Receipt and Invoice price =11 qty=10

When received material

Receiving Material A/C dr 110
AP Accrual A/C cr 110

When we matched the invoice with receipt,

The Accounting entry is,

AP Accrual A/C dr 100
Invoice price variance A/c dr 10
Liability A/c cr 110

Is this Accounting entry is correct or Vice versa.

Answer / srikrishna

HI All,

How can we fix /correct the AP Accrual A/C? In the above scenario there is 10 (USD/INR) balance in AP Accrual A/C and how can fix that. In our system we have restricted MJE in GL, so help me to fix this variance

Answer / sree

The Invoice price variance arise when there is difference
between the line amount and the distribution amount

difference between 11i&r12

0 Answers  

---

I am traying to access oracle functiona/ technical interview questions asked by the consultancy "infosys", but i cant find anything when i go the to the links, i need the oracle erp techno functiona questions pls, Thanks, in advance Tovia

0 Answers  

---

How can i deactivate the segment value?

2 Answers  

---

Explain the concept of reccuring journals ?

4 Answers   Oracle,

---

What is consolidation and in which module do you used it and when?

3 Answers   IBM,

---

What is the use of gl set of books name, while configure multiorg?

0 Answers  

---

what is $flex used in oracle apps ?

5 Answers   iFlex,

---

Five main difference between Tally & ERP?

36 Answers   Ashveera, Cogzidel, India Earthmoving Spares Corporation, KPMG, Marcer, National Techno, Vindian, Wipro,

---

As Supplier Header Information can share from another operating unit. Not Sites and other information...... but for a supplier if one OU(1) has made a prepayment..and other OU(2) of the same balancing segment has to make a payment to the same supplier..the prepayment available with that supplier is overlooked or not considered….is it true

1 Answers  

---

What is the consolidation ?

11 Answers   Cap Gemini, HCL,

---

For what purpose we assign qualifiers to our segments?

1 Answers  

---

What is the difference between PO default and quick match?

2 Answers  

---