Follow Our FB Page << CircleMedia.in >> for Daily Laughter. We Post Funny, Viral, Comedy Videos, Memes, Vines...

What are the Accounting Entries in P2P.in Oracle Financial
terminology ?

Answer Posted / venki

At the time receiving:
Inventory material receiving Ac
To AP Accrual Ac

At the time invoice creation:
Item Expense Ac
To Liability Ac

At the time of matching with PO:
AP Accrual Ac
To Liability Ac

At the time of payment:
Liability Ac
To Cash Clearing Ac

At the time reconciliation:
Cash Clearing Ac
To Cash Ac

Is This Answer Correct ?    1 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

how we can stop the transaction for not transfer to the reporting ledger at the time of entering the transaction in pl

1601


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)"

1186


What is the use of operating unit, while configure multiorg?

248


Substitute receipts and Unordered Receipts

2482


Hi I'm new in ERP - Oracle Application i appriciate if any one help me in this issue i need SQL to get badeget balance Acutal Balance Encumbrance Balance fund Avalable thanx ahmed

1133






Explain Customer Creation and Maintenance Process. Provide samples of customer master records with Payment Terms.

1326


What is the db number of a particular customer TCA?

527


difference between 11i&r12

1011


Define the activities of the Configuration Manager (AP,GL,FA) in the team. Give examples

1562


can we define 2 different currency revaluation at a time??

1481


What is the use of mo: security profile, while configure multiorg?

214


Difference between header level tax calculation and line level tax calculation

2497


What is the use of gl set of books name, while configure multiorg?

230


What are the types of setups in apps inventory module

1468


1)What cannot be consolidated in GCS? 2) When you setup calendar in GL is it possible to change it?

2763