explain about summary account with an example?
Answer Posted / santhi
An account whose balance represents the sum of other
account balances. Summary accounts are useful for faster
reporting,inquiry,formulas and allocations.
Example: Assets is a total of current assets and fixed
assets
| Is This Answer Correct ? | 3 Yes | 1 No |
Post New Answer View All Answers
what is the difference between bonus reserve and bonus expense
1.what is the name of program to create invoice automatic from po.? 2.How to auto upload the bank statement? 3.PO tax has not flown to invoice . why? Debit memo not generated for return of goods.??
Anyone provide the oracle fin/scm definetions
What are the inventory report to check inventory status.
How do you adjust receivables?
What is the Process of Reconciliation Between AP to GL
Recurring Problem Posting i have Journals for sep 2018 that i approved but they are not available to post even though the period is open in Oracle R12 Issues
What is difference between primary and secondary ledger
When we run a GL Reconciliation Report, we also see the void payments in that report. Even though i disable the option of Show Void payments, its appearing in the report.How do i proceed so that i dont see those void payments in the GL Reconciliation Report?
What is gap analysis, what are the pre-requisities?
What is Difference between Auto Copy Journal and recurring journal?
Invoice Approval Process?
What is the use of operating unit, while configure multiorg?
difference between tds and income tax (India)
HI, once we create the standard invoice then we can get journal entry item expense a/c-dr to liability a.c then item it will reflect through inventory, but liability a/c . it will reflect from GL , it is possible .