Interested to Buy Any Domain ? << Click Here >> for more details...
Hi friends i went to interview interviewer asked in bank
accounting why we give masking to G/L accounts.I don't know
please let me any one explain.
- 2 Answers
- 5548 Views
- IBM, I also Faced
- E-Mail Answers
Answer Posted / suresh kumar
Let assume your business have 4 house banks and 2 accounts like saving account, loan account with every bank. In this case we need to create 4 main bank GL accounts. In same way we create GL accounts for check payments, received checks from customers. Instead of creating GL masters specific to one HB, generally we create XXXXX0 series for HB,XXXXX1 for Payments and XXXXX2 for check receipts and masking the same.Whenever a transcation posted relevant GL triggered and get posted.
| Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
Any one can help me abot any tickets in suport project in GL, AR, AP Please send me any issues on that with answer
I know that in version ECC6 exists the functionality of document splitting like this: If an Invoice is for 11,000/-.Then we write the GL as : vendor A/C Dr XXXX to Purchase 1 XXX to Purchase 2 XXX to Tax XX But through Document Splitting we can write it based on the %age of sharing as 80 : 20%.. Vendor A/c 8,800(DR) Purchase A/C 8,000(Cr) Tax 800 (Cr) Vendor A/C 2,200 (Dr) Purchase 2000(Cr) Tax 200(Cr) This is called Document Splitting But when you talk about tax, you mean a line item created manually like tax or a document where you complete the tax code and the line is created automatically? Thanks a lot in advance. REgards,Lorena
differentiate between profit center and business area
What are distribution keys? : co- cost center accounting
WHAT ARE THE PREPRODUCTION ACTIVITIES? HOW CAN YOU SETUP THE OPENING BALANCES?
can any one explain briefly about solution manager in sap
iam done billing document in sales order is not cost object the billing entry is not genearated the error is foreign trade data missing
What are posting periods?
Explain in simple terms what is field status and what does it control?
What are fi substitution rules?
How does sap calculate work in process (wip) in product cost by order?
What is allocation price variance? : co- cost center accounting
What is the basic purpose of creating a profit center?
Can anyone please explain what is Rolling valuation(SAP) in relevant to foreign currency valuation...?
How do you configure check deposit?
