Interview Questions Answers in SAP FI-CO (Financial Accounting & Controlling)

sanki

{ City } lv
< Country > usa
* Profession *
User No # 15722

Total Questions Posted # 0
Total Answers Posted # 1

Total Answers Posted for My Questions # 0
Total Views for My Questions # 0

Users Marked my Answers as Correct # 6
Users Marked my Answers as Wrong # 0

Questions / { sanki }

Questions Answers Category Views Company eMail

Answers / { sanki }

Question { Accenture, 14471 }

Brief about g/r I/r clearing. Can’t v avoid this a/c?
Process?

Answer

Gr/Ir clearing account is a interim account.
It is used in FI-MM integration.
GR/IR will be an open item account till the invoice is received.
GR/IR account should be a auto-posting account.

During Goods receipt (MIGO) Inventory Account will be debited and GR/IR
clearing account will be credited.
During Invoice Receipt (MIRO) Vendor Account will be credited and debits the
GR/IR clearing account.

Is This Answer Correct ?

6 Yes

0 No