Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


Use of automatic offset method?

Answers were Sorted based on User's Feedback



Use of automatic offset method?..

Answer / 7090623881

automatic off set method you can create multiple liability lines ,that away all balancing segments should be debit equal to credit ,

we have 3 types is there, such as
like 1.none 2.account 3. balance------these options there will show payable options is there

Is This Answer Correct ?    0 Yes 0 No

Use of automatic offset method?..

Answer / cnubandi

If you enter an invoice for expenses or asset purchases for
more than one balancing segment, you might want to use
automatic offset method to keep your payables transaction
accounting entries balanced.
If we enable balancing as a automatic offset, payable
builds the offset GL account by taking the balancing
segment value from the invoice distribution and overlaying
it on to the appropriate GL account, i.e liability account
from the supplier site.
If we enable account as automatic offset, it takes the
opposite approach with one segment being retained from the
default GL account and all other segments being retained
from the invoice distribution

Is This Answer Correct ?    1 Yes 2 No

Post New Answer

More Oracle Apps Financial Interview Questions

What are the different ways for automatic closure of a Manually Created Purchase Order if the item selected for the Purchase Order is an Outside Processing Item and the Purchase Order is linked to a Work Order?

1 Answers   Apps Associates,


What is the Mondatory profile options used in Multi Org ?

2 Answers   FIC,


What is gap analysis, what are the pre-requisities?

0 Answers  


If scenario I assigned default Mo operating unit and Mo security profile is b so what can able to see in operating unit in payable?

1 Answers   Deloitte,


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

1 Answers   IBM, iGate,


What are the mondatory steps for Receivable module before entering transactions ?

5 Answers   HCL,


What is the use of requition template?

3 Answers  


Advance paid to Employee 1000$. Employee incurred expenses of 800$ and he returned 200$. What is the Accounting Entry?

5 Answers   Infogain,


Purpose of Payable invoice open interface?

1 Answers  


What's the accounting entry when an Invoice is created in AP?

6 Answers   Oracle, Syntel,


Can I do a payment of 50 bills on a post date. If yes, then how?

0 Answers  


What is the meaning holding tax?

0 Answers  


Categories
  • Oracle Apps Technical Interview Questions Oracle Apps Technical (547)
  • Oracle Apps Financial Interview Questions Oracle Apps Financial (793)
  • Oracle Apps Manufacturing Interview Questions Oracle Apps Manufacturing (53)
  • Oracle Apps HRMS Interview Questions Oracle Apps HRMS (169)
  • Oracle Apps CRM Interview Questions Oracle Apps CRM (9)
  • Oracle Apps SCM Interview Questions Oracle Apps SCM (141)
  • Oracle Install Base Interview Questions Oracle Install Base (62)
  • Oracle Service Contracts Interview Questions Oracle Service Contracts (101)
  • Oracle Apps AllOther Interview Questions Oracle Apps AllOther (114)