GOWRISANKAR RAJAGOPALAN

• May 10th, 2007

The question has to be split into two.Selling the assets of the company and closing the books.First is sellig the assets of the company. This is done with what intention? Whether to close the run...

nagaraju

• Apr 17th, 2007

Hi,When company dispose there assets?? the following transaction takes placeAssets = Liabilities + Shareholders EquitySuppose? assets beginning balance?is $4900?and accumulated depreciation is $1...

Answer Question  Select Best Answer

Gayathri Suresh Kumar

• Sep 5th, 2007

Cash Discounting should done General Ledger not in Balance sheetEntry should be Bank a/c                  &nbs...

availraj2002

• Aug 30th, 2007

I believe that cash discounts are taken into P&L and not to the B/S.The journal would be :Dr. Bank A/c               &nbs...

Answer Question  Select Best Answer

kmtailor

 Profile Answers by kmtailor Questions by kmtailor

• Mar 24th, 2008

Transaction code for Account Assignment model is - FKMT & not F-02

A.N.GOPALAKRISHNAN

• Sep 21st, 2007

A template used for document creation in which default values are provided for the posting of a business transaction.An account assignment model may contain any number of G/L line items, and can be ch...

Answer Question  Select Best Answer

shweta meravi

 Profile Answers by shweta meravi Questions by shweta meravi

• Dec 10th, 2007

When two or more than two companys merged together and form one company that is called as consolidation

cachbixamreddy

• Dec 28th, 2006

Consolidation is a gathering the information in sap for specific purpose and useful information for management

Answer Question  Select Best Answer

Nseek

 Profile Answers by Nseek Questions by Nseek

• Jan 31st, 2011

Yes they are Period to date, Quarter to date and Year to Date but you read them like the following when working inside Oracle E-suite (accounting software) for example.PTD means amounts entered in a s...

Arun K Rajan

 Profile Answers by Arun K Rajan Questions by Arun K Rajan

• Aug 1st, 2007

Period to date for ex - can be same as YTD if period = 1 yearquarter to date for ex - 1st qtr of calender year - Jan,Feb,Mar, All financial items (revenue+expenses) Jan-Feb is QTD Febyear to date for ex - if fiscal year Jan-Dec - all financial items (revenue + expenses) from Jan-Aug is YTD Aug

Answer Question  Select Best Answer

megha survase

• Sep 7th, 2007

Nominal a/c?is related with expense/losses & income/gain where real a/c is with asset (cash,building,goodwill etc)/accounts of properties/ possessions of the buisnessman. And personal a/c's are accou...

deepa

• Jun 20th, 2007

Accounts of assets is called Real Accounts.
Accounts of persons or institutions is called Personal Account.
Accounts of expenses/losses, incomes/gains is called Nominal Account.

Answer Question  Select Best Answer

Karuppasamyvm

 Profile Answers by Karuppasamyvm Questions by Karuppasamyvm

• Nov 18th, 2010

GL reconciliation means Account payable , Accounts receivable ledger balance compared with General Ledger balance and it should be tallied.  If not tallied we have to do the reconcliation. 

Arun K Rajan

 Profile Answers by Arun K Rajan Questions by Arun K Rajan

• Aug 1st, 2007

GL Reconciliations are list of items that make up a GL account. For example, list of current unreversed accruals in a Sundry Creditors Balance sheet account. The items in Reconciliation should be iden...

Answer Question  Select Best Answer

If your Accounts receivable balance in the general ledger has a debit balance of $110 and your sub ledger has a debit balance of $100 what do you have to do

faizan_hafiz

 Profile Answers by faizan_hafiz Questions by faizan_hafiz

• Jul 21st, 2009

Enter the debit memo in the subledger or enter the adjustment in GL.

gmril

 Profile Answers by gmril Questions by gmril

• Jan 17th, 2008

We need to pass a rectification entry in subsidary ledger for $10...

Answer Question  Select Best Answer

In gl we are using recurring journals for reporting purpose,and in ap also we are having recurring invoices. why we use both?

umashankar hs

 Profile Answers by umashankar hs Questions by umashankar hs

• Aug 7th, 2015

Because AP is a subledger therefore every invoice should have corresponding entry in GL a/c

Ansonet Saunders

• Jun 1st, 2015

To save time and to make sure you account for everything

Answer Question  Select Best Answer

keshav311

 Profile Answers by keshav311 Questions by keshav311

• Jul 5th, 2007

This testing proses is down is phase realisation phase and in finalisation phaseusally we do 3 kinds of testingunit testing-with in module eg gl postingbusiness scenario testing-with ina module eg app, adp and intrest calculationintegration testing-with diff modules eg fi with sd,mm,hr

Sarvottam Darshan

• Feb 23rd, 2006

Testing involves a step by step check of various transactions configured in the SAP system. Example: In case of MM we need to check say if the purchase cycle is working in the system as it is in real ...

Answer Question  Select Best Answer

Prasant Pisupati

• Aug 6th, 2007

A responsibility is collection of forms (menu) and and reports/programs (request group) , which can be assigned to a Oracle Applications user account for access.

abhishek sood

• Jan 10th, 2006

users cannot access the concurrent programs ( just like Forms) until unless the program is attached to a responsibility through a ?Request Group?. Thus  the responsibilities provide the comp...

Answer Question  Select Best Answer

Prasad.T

• Aug 10th, 2006

Business is an activity performed by business man or enterprenuer by investing fund in it with an anticipation of return.  The existance can be of long period or short period. 

vgosala

 Profile Answers by vgosala Questions by vgosala

• May 26th, 2006

Its an activity & engagement involving an investment with an expectation of return.

Answer Question  Select Best Answer

Ye

• Nov 18th, 2006

Adjusting entry need every end of month & end of year because The match priciple of accounting, that means expense have to match revenue,means the expenses or revenue has been occur but ...

rajkalyan

• Apr 14th, 2006

Current account balances may not represent correct balances due to following reasons:      a. Company made mistakes in preparing journal entries in the past.   ...

Answer Question  Select Best Answer

anuradha

• Jan 30th, 2007

Why Surplus does not include in the government balance sheets?

umakumari

• Mar 14th, 2006

Surplus

Answer Question  Select Best Answer

aaditya180399

 Profile Answers by aaditya180399 Questions by aaditya180399

• Dec 4th, 2006

Hello,Multi Org Means Multi Organization is a server side (application & database) enhancement that enables multiple business units in an enterprise to use a single installation of oracle applicat...

suresh reddy

• Sep 2nd, 2006

Meaning of Multiorg:Its a serverside enhancement which supports multiple organisations with single installation of oracle application product and its keep and stores data secure and safe way and seper...

Answer Question  Select Best Answer

Anoop Kapoor

 Profile Answers by Anoop Kapoor Questions by Anoop Kapoor

• Mar 31st, 2009

Without reconciling the expense account it will increase the expense account & it will reduce the profits and worthiness of the organisation will not reflect true position and Similarly witho...

maaz01

 Profile Answers by maaz01 Questions by maaz01

• Sep 16th, 2008

If the company is being reimbursed by another organization for the expense incurred earlier then it will be a credit to the expense account. If the expense was over accrued and the actual is lower than the accrual then it will be reversing entry reducing the expense.

Answer Question  Select Best Answer

sudhi0381

 Profile Answers by sudhi0381 Questions by sudhi0381

• Sep 21st, 2010

Internal Acqusition of an asset means, when an asset is built inhouse by creating an AUC(Asset Under Constuction), and then once the assets is fit to use for Production, its get capitalized as Complet...

atelkar

 Profile Answers by atelkar Questions by atelkar

• Sep 15th, 2010

Asset becomes capitalised when it is bought for profit motive, as an investment, and most important : when it is used.Asset available within an organisation - Internal Asset.Asset where they are present physically out of organisation - External Asset.

Answer Question  Select Best Answer

ramanjaneyulu

• Dec 21st, 2006

we can integrate the general ledger with subledger through reconsilation account.

Answer Question  Select Best Answer

bamaboy

 Profile Answers by bamaboy Questions by bamaboy

• Dec 18th, 2009

The important tables in Finance are as belowAccount Payables:DISTRIB_LINEPAYMENT_TBLPYMNT_VCHR_XREFPYMNT_XREF_VWVCHR_ACCTG_LINEVENDORVENDOR_ADDRVOUCHERVOUCHER_LINEAsset ManagemntASSETASSET_ACQ_DETASSE...

Answer Question  Select Best Answer

srinivas maddali

• Jan 10th, 2007

Flow in General ledger:1 Define value sets : setup--> financials--> flexfield--> key--> validation--> sets.2.Define accounting flexfield(key flexfield) : setup--> financials--&g...

Answer Question  Select Best Answer