Question { HCL, 7820 }

Differance between field status variant and field status group

Answer

Field status variant is collection of Field status Group.

Field status group control the fields which come up when
business user does the transaction. there are three ways for
field selection optional ,surplus,display only

Question { IBM, 14890 }

In GL Master Record creation (FS00) for what type of accounts
do we need to select "Open Item Management" in the control
data field? Why ? Explain the concept

Answer

This will be used for vendor / customer and Blancesheet
items where clearing is required. never select P&L accounts
this option

Question { IBM, 5173 }

Hi experts can anybody post answer for the same, exchanger
rate gain/loss how it will com entry with (T-code, posting
key & where gain/loss gl a/c to be assigned? it is quit
urgent. regards, Archana

Answer

Company will take Foreign currency term loans

Bank a/c Dr
to Foreign currency term loan a/c

At time of payment it comes Exchange loss
Foreign currency term loan A/c Dr
Exchange Loss A/C Dr
to Bank A/C
At time of payment it comes Exchange Gain
Foreign currency term loan A/c Dr
Exchange Loss A/C Dr
to Bank A/C
to Exchange Loss A/C.
Entry posting T-code f-02
GL assignment OBA1