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what is open item managed account?



what is open item managed account?..

Answer / durga bhavani

we select open item mangment check box which account we
want to clear.that means for liablities and balance sheet
accounts and where the clearing is required at that time
weselect openitem management. suppose for rent provision
rent ac..dr to outstanding out standing is a liablity at
that time we select openitem management check box in fsoo
at the time of creation of outstanding account

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