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Answer Posted / aravind reddy
IN PTP CYCLE TOTAL FOUR MODULES GETS EFFECTED THEY ARE
PURCHASING,INVENTORY,ACCOUNTS PAYABLE,CASH MANAGEMENT.
WHEN PO RAISED
PO CHARGE ACCOUNT DR
TO RESERVE FOR ENCUMBERNCE
WHEN ITEM IS RECIEVED
IETM A\C DR
TO AP ACCURAL A\C
WHEN INVOICE RAISED
EXPENCES\AP ACCURED A\C DR
TO AP LIABILITY
WHEN INVOICE VALIDATED
RESERVE FOR ENCUMBERENCE A\C DR
TO PO CHARGE A\C
WHEN PAYMENT IS BOOKED
AP LIABILITY A\C DR
TO CASH\BANKCLEARING C
WHEN PAYMENT IS MADE
CASH\BANK A\C DR
CASH\BANK CLEARING A\C
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