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What are the Accounting Entries 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

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