Define suspense account in Oracle apps and why is it
mandatory?
- 4 Answers
- 27097 Views
- Oracle, I also Faced
- E-Mail Answers
Answer Posted / rahul
As far as i know, You can simply enable 'suspense account'
at 'set of books' level and specify the same account in the
respective filed.
Well technically it is not mandatory but it's preferrable
because while entering journals whenever "A debit line is
entered with out it's corresponding credit line or credit
line is entered with out it's corresponding debit line the
suspense account will come into play to balance the entry
as per the accounting convention i.e 'double entry system'.
You can also customize the suspense account as per your
requirements when this setup is done the account which is
specified by the user will come instead of suspense account
and the suspense line will be added.
| Is This Answer Correct ? | 10 Yes | 0 No |
Post New Answer View All Answers
How to do the analysis of discounts lost and fixing the root cause?
1)What cannot be consolidated in GCS? 2) When you setup calendar in GL is it possible to change it?
What kind of necessary ap information you gather from the client?
please explain with examples the below mentioned "Creating the end to end business scenarios and executing the scenarios to perform the regression testing".
difference between primary ledger and secondary ledger in r12
On what different real time issues you worked while doing P2P cycle implementation?
How do write a discoverer report to identify zero dollar suppliers/invoices where the supplier is on hold?
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 .
Explain Customer Creation and Maintenance Process. Provide samples of customer master records with Payment Terms.
I am currently working in reputed Org as a Oracle apps end user (AR). Learned R12 functional course, but no real time exp as in support or implementation project.Please guide. thank you.
I have a requirement where during the consolidation into USD (from GBP books) I want use two different exchange rates for two consolidations. Child SOB is same but the Parent SOB's are different. How can this be done in Oracle Financials? Answers will be Appreciable. Thank You.
What do you mean by Category Set ? and what is its Relevance ?
What is the procedure for requition import?
What is the Use of Grouping Rule in Receivables ? is it mandatory field ?
What is meaning of deprecation?
