tell me Journal entries passed in system from the time of
good receipt to payment.

Answer Posted / radhika

there are three possible entries when receive goods and
payment:
goods receipt:

inventory of raw mat a/c dr
to goods receipt/
invoice receipt a/c

invoice verification:

goods recipt/invoice recipt a/c dr
to vendor a/c

vendor payment:

vendor a/c dr
to banka/c

Is This Answer Correct ?    21 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What do you mean by net postings? : fi- general ledger accounting

583


What is a special period? When do you use it?

606


what is the day to day work of SAP FICO Consultant. which are the documents,white papers he uses. who will assign him work and in what form, is it a flowchart,word document,power point presentation ?and also what is business blue print and how it is documented(word,flow chart),?? please answer my question

6702


Why doesn’t the system allow you to change the tax category in a version? : fi- general ledger

587


Hi, I am a FI consultant with 1.6 yrs experience..can anybody help me to learn CIN FI part..mail me if u have any documents related to that..rajendranmba@gmail.com....thanks.

1750






How did you do Stranded Cost estimate?

1908


Explain asset class

581


what do you mean by the field status group?

608


What do you mean by balances in local currency only? : fi- general ledger accounting

743


What is the table, which contains the details of all the name of the programs and forms?

571


Why we do manual clearing?

1661


What is a cost center category? : co- cost center accounting

612


what is mixed costing in product costing? please send to me

1728


currently i am recruited in rollout project my parent company is singapore and now we are doing rollout in malaysia.so could any one please tell me what are the neccesaary steps

1975


What are the categories of variances in co-om-cca? : co- cost center accounting

635