Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / tgs100
COGS account (Cost of Goods Sold) is entered in the item master for inventory items. When the item (usually Finished Goods) is sold (Sales Order --> Pick Release --> Ship Confirm), COGS account is debited and Inventory account is credited.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Anyone provide the oracle fin/scm definetions
difference between primary ledger and secondary ledger in r12
What is Reporting of financial data in a project.
Do you track and record relationships between customers e.g. franchises, subsidiaries etc.?
What is the db number of a particular customer TCA?
Define the activities of the Configuration Manager (AP,GL,FA) in the team. Give examples
How to do the analysis of discounts lost and fixing the root cause?
What is difference between primary and secondary ledger
I am working on PPR process to print checks. Currently the checks are printing for each supplier, supplier site and payment method group. My requirement is the invoice level one DFF is available (like A and B are the input values). Please let me know how include this DFF at invoice grouping level.
How to refund for a customer who returns goods and wants a refund for $600 in R12 In above scenarios customer does not want Credit Memo or On- Account Credit, he wants refund check . and as we know we do not issue check from AR. How can we issue Check from AP and how offsetting is done for the same in R12
encumbrence set ups?
What are register in India localisation?
I have created an invoice and made the payment in Accounts payable. Now the payment status is Negotiable and accounting status is processed. I reconciled the transaction in Cash Mgmt, The status changed from negotiable to Reconciled in CM. I checked the payment status for the invoice in payment window(AP), the payment status changed to RECONCILED UNACCOUNTED i.e correct but the accounting status is remain processed which is not the correct. I hope the transaction will be correct if the accounting status would have changed to PERTIAL . Please suggest any solution for the above query.
How to support projects life cycles details?
what is VAT claim process?
