what is zero balance clearing a/c. why we r maintaining
this a/c in sap fico
- 4 Answers
- 23511 Views
- Reliance, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / syam
As the name indicates it, a zero-balance clearing account is
a balance sheet account which is maintained for the purpose
of posting additional clearing entries in the event of the
documents are not balanced with the respect to different
dimensions used for your reporting such as profit center,
business area, segment, etc.
| Is This Answer Correct ? | 11 Yes | 2 No |
Answer / pradeep
for document splitting purpose and for clearing account and
also debit item and credit item should be zero
| Is This Answer Correct ? | 1 Yes | 8 No |
Answer / h.s.sarda
Zero balance clearing a/c is used for inter branch account.
it should be compoulsary zero balance.
| Is This Answer Correct ? | 5 Yes | 18 No |
Answer / ekhlaque amin
Zero balance a/c is also known as salary account in which
the bank credits the amount to be recived by the employees
at the end of the month by debiting the employers account
it is done at the standing advice of the employeer
| Is This Answer Correct ? | 2 Yes | 27 No |
Give me total Details of payroll calculation, payslip with examples.
why is interest on capital an expense....??
Rent Paid Rs.12000/- (which is included for the whole year i.e Jan to Dec) and they have asked me to give Journal Entry for the Entry for the Month of Jan, Feb and March
34 Answers Accenture, Genpact, Mercer,
Expand RMP
what is the definition of direct expenses?
kindly given the example of contingent liabilities.
What is meant by retiring Bill
What do you mean by an Accounting Cycle....?????
how to prepair the acccounting MIS report?
What is chargeback and purpose of chargeback?
interest paid to bank for journel entry
16 Answers Bhoruka Aluminium, Genpact,
What is the difference between tds and withholding tax??(new)
Audit 
