Answer / prasad

Asset Insurance is like any other insurance if paid for the asset insured must be added with the asset value.

So Depreciation will be always on the Total value of asset cost+Insurance.

Please let me know the various accounting entries in AP & AR for a layman. Like invoice posting, payment, offset entries, exchange fluctuation entries, i am preparing for an interview. PLEASE HELP

4 Answers   Oracle,

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Explain automatic offset in AP.

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What is ment by physical inventory reconciliation?

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what is the profile options

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