On what basis you will define accounting structure
Answer Posted / harsha
most importantly-managements need to acquire financial reports information) at different levels of business practices(at company level, at department level,at product level)
as far as my understanding there is no perfect answer for this,except saying that "it depends on managers need to obtain information to analyze the performance of major segments of the organizations business practice"
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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 .
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