Interested to Buy Any Domain ? << Click Here >> for more details...
Instead of using GR/IR clearing account why cant we use
provision for sundry creditors, if yes then why SAP using
GR/IR Clearing Account
- 4 Answers
- 16248 Views
- Accenture, I also Faced
- E-Mail Answers
Answer Posted / kumar
SAP uses the GRIR clearing a/c as it doesnt want to accept
a liability by crediting the vendor a/c.Aliability can be
accepted only when the goods have been recieved and the
invoice checked.When the invoice is recieved, GRIR is
debited, the vendor a/c is credited & thus we can accept
liability with the vendor
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
What is a posting key? : fi- general ledger
What is application packaging in SAP FICO
Is it possible to change an existing b/s gl account to the p&l type? : fi- general ledger accounting
While we are doing data migration, how you upload partially closed invoices.
What is Lock box in sap fico?
What are the two uses of blocking an account? : fi- general ledger master data
What is a field status group?
What is the difference between "costing based" (cb) and "account based" (ab) co-pa ?
Explain dummy cost center
Why doesn’t the system allow you to change the tax category in a version? : fi- general ledger
Explain asset retirement in fi-aa? : fi- asset accounting
What is done by gr/or regrouping program?
What is a sort key and what is it used for?
how do you capitalize auc in sap? : fi- asset accounting
What assurance the integration of all application modules?
