What is ment by NOTED ITEMS.plz any 1 explain me
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Answer / swapna
which when posted does not effect the account balance .it
is just a document used as a remainder .. ex : downpayment
request
Is This Answer Correct ? | 24 Yes | 1 No |
Answer / isoumo
Document are posted at the Company Code level, where balanced financial statements are ensured, a document can only be posted if the debits equal the credits.
An exception to this rule is a noted item which contains only a debit or a credit; it serves as a reminder and does not affect the financial books.
Example are> Post Dated Cheques, Down Payment Request,Bill of exchange payment request etc.
Is This Answer Correct ? | 9 Yes | 0 No |
Answer / anji
A Noted item is a special GL transaction meant for
information purpose. A Noted item reminds the user groups
for potential payments and create a one side entry and other
advantages of noted items are u can access these
transactions from Automatic Payment program and Dunning Program
Is This Answer Correct ? | 7 Yes | 0 No |
Answer / veeru
A Noted item is a special GL Transaction for Eg: Down Payment. which is not updated in database.Which is Create a Single line entry debit or credit side.when ever give noted item check box() at vendor display Line item.it will be updated data.
if wrong.. please tel me currect answer
Is This Answer Correct ? | 2 Yes | 0 No |
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