What are the mandatory accounts that need to be setup in
Set of Books?
Answers were Sorted based on User's Feedback
Answer / shantanu
The first mandatory account is Retained Earnings Account.
But based on other Standard Options selected, the other
mandatory accounts are,
a. Suspense Account
b. Rounding Differences Account
c. Cumulative Translation Adjustment Account
d. Reserve for Encumbrance Account
e. Net Income Account
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / kishore
retained earnings account
transaction adjustment account
suspense account
net income account
rounding differences account
reserve for encumberance account
| Is This Answer Correct ? | 4 Yes | 2 No |
Can you explain the "Recalculate Scheduled Payment" setting in the Payables Option menu? Should this be enabled?
Why shud we run Expense report import programme in AP..where are we importing from??
What is Profile ?
While setting up the cross validation rules is it necessary to enable the SECURITY RULE check box along with CROSS VALIDATION RULE check box in flexfield structure. plz clarify my dt
What are the inventory report to check inventory status.
What are the key flexifields avilable in Oracle General ledger?
If the COA of the parent and child are difference then how will the consolidation be done?
What is the Use of Grouping Rule in Receivables ? is it mandatory field ?
What is Intercompany Invoicing?
What will accrue in Payables?
How can we Define Corporate law sob and Income Tax law Sob?
what is the difference between bonus reserve and bonus expense