Answer Posted / r k jain
In AR perspective -
Accounting method would be ACCRUAL if you want your billing
system to record revenue from invoices, debit memos, and
chargebacks. When you use this method, Receivables debits
your cash account and credits your receivables account upon
payment of a debit item.
Accounting method would be CASH BASIS if you want to
recognize revenue at the time you receive payment for an
invoice, debit memo, or chargeback. Receivables debits cash
and credits revenue when using the Cash Basis method.
Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
What is Reporting of financial data in a project.
What is Difference between Auto Copy Journal and recurring journal?
what is the difference between before pages trigger and after parameter trigger in reports ?
How do u bridge the gaps in functional understanding of AP,GL,FA. explain with some live examples.
I am traying to access oracle functiona/ technical interview questions asked by the consultancy "infosys", but i cant find anything when i go the to the links, i need the oracle erp techno functiona questions pls, Thanks, in advance Tovia
What is the procedure for requition import?
What is the Invoicing System in Oracle R12
How to Reconciliation AP to CM ? How to Reconciliation AR to CM ?
explain your project plan with exam pal? i am preparing inter view .............
What is the meaning holding tax?
What are the types of setups in apps inventory module
What is meaning of deprecation?
how service tax work.
What is the use of gl set of books name, while configure multiorg?
What is meant RD020