What are the Accounting Entries in P2P.in Oracle Financial
terminology ?
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Answer Posted / sadhik
At the time of receipt-Receiving inventory a/c dr
To receiving a/c cr
from purchansing
Receiving a/c dr
AP Accural a/c cr
At the time of invoice - Inventory AP Accural a/c dr
To Liability a/c
At the time of payment - Liability a/c dr
To Cash or Bank
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