Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What are the accounting entries in p2p cycle??

Answer Posted / skp

At the time of receipt
------------------------------
Receiving inventory a/c dr
to Inventory AP Acurral a/c

At the time of invoice
--------------------------------
Inventory AP Accural a/c dr]'
to Liability a/c

At the time of payment
-------------------------
Liability a/c dr
to Cash or Bank

At the time of Delivery of Materials in to Inventory
----------------------------------------------------
Materials A/c Dr
To Receiving Inventory A/c

Is This Answer Correct ?    89 Yes 19 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the use of operating unit, while configure multiorg?

1165


What is gap analysis, how do you defined?

1224


In Subinventories Form, how to enable the Locator Control. A message displayed when changing the drop down list "FRM-40200: Field is protected against update.

3208


difference between tds and income tax (India)

1970


What is gap analysis, what are the pre-requisities?

1303


Do you track and record relationships between customers e.g. franchises, subsidiaries etc.?

2164


What do you mean by controlling buyers workload?

10333


How to do the analysis of discounts lost and fixing the root cause?

1231


Define the activities of the Configuration Manager (AP,GL,FA) in the team. Give examples

2558


Explain Customization process?

1996


Explain Customer Creation and Maintenance Process. Provide samples of customer master records with Payment Terms.

2369


can any one tell me what exactly functional consultant do on daily basis? client requirements?

1028


Hi I'm new in ERP - Oracle Application i appriciate if any one help me in this issue i need SQL to get badeget balance Acutal Balance Encumbrance Balance fund Avalable thanx ahmed

2146


How to support projects life cycles details?

1278


Payables Applications Technical Reference Manual

2553