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1. P2P cycle with which accounts get effected at each
stage
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Answer Posted / srinivask
P2P cycle run from Purchasing to Payables Module.
Material receiving at security level:
Material receiving a/c debit
Invoice AP accural a/c credit
Material receiving at stores:
Material a/c debit
Material receiving a/c credit
Invoice entry:
Invoice AP accrual a/c debit
AP liability a/c credit
Invoice payment:
AP liability a/c debit
cash/bank a/c credit
| Is This Answer Correct ? | 25 Yes | 1 No |
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