Interested to Buy Any Domain ? << Click Here >> for more details...
Please let me know the various accounting entries in AP &
AR for a layman. Like invoice posting, payment, offset
entries, exchange fluctuation entries, i am preparing for
an interview. PLEASE HELP
- 4 Answers
- 11184 Views
- Oracle, I also Faced
- E-Mail Answers
Answer Posted / moses
AP
---
While recording/entering invoice:
-----------------------------
Charge a/c xxx dr
To Liability a/c xxx cr
While Making Payment for the invoice:
-------------------------------------
Liability a/c xxx dr
To Cash a/c xxx cr
| Is This Answer Correct ? | 11 Yes | 0 No |
Post New Answer View All Answers
What kind of budgets have you worked on?
Give examples & explain the below mentioned activity. "Analyzing the documents provided by the client and thereby identifying the test cases to be tested for the application assigned (FA, AP and GL)"
Can I do a payment of 50 bills on a post date. If yes, then how?
What is the meaning holding tax?
Provide an overview of AR cash receipt processing.
encumbrence set ups?
I am currently working in reputed Org as a Oracle apps end user (AR). Learned R12 functional course, but no real time exp as in support or implementation project.Please guide. thank you.
How to support projects life cycles details?
what is the meaning of purchase default and what are the types
I have created an invoice and made the payment in Accounts payable. Now the payment status is Negotiable and accounting status is processed. I reconciled the transaction in Cash Mgmt, The status changed from negotiable to Reconciled in CM. I checked the payment status for the invoice in payment window(AP), the payment status changed to RECONCILED UNACCOUNTED i.e correct but the accounting status is remain processed which is not the correct. I hope the transaction will be correct if the accounting status would have changed to PERTIAL . Please suggest any solution for the above query.
SLA usage ans how to define setups?
1)What cannot be consolidated in GCS? 2) When you setup calendar in GL is it possible to change it?
Invoice Approval Process?
what r issues faced in gl
There is employee X and employee Y (who is supervisor of X); when Y submits expenses how will the system ensures that this should not go to X even if he has the approval authority.
