hanu_tuhin

• Sep 18th, 2007

Both Letter of Credit and Letter of Guarantee are commitment to payment by the issuer of the instrument (generally a Bank). In letter of credit, the issuer has to fulfill his commitment on fulfilling ...

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yournura

 Profile Answers by yournura Questions by yournura

• Nov 28th, 2007

Fiscal Year means the financial year .In india it is April to march. In singapore it is July to june. In hongkong it is Jan to dec. Normal year is nothing but english calendar year jan to dec. If the ...

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gmril

 Profile Answers by gmril Questions by gmril

• Jan 17th, 2008

t/code ob53, give COA and then type X or Y in pl account head and then give the account number in the acoount head.... this u can create prior to the creation of the account group reserve and surplus as well as after creating the account group .....

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yournura

 Profile Answers by yournura Questions by yournura

• Nov 28th, 2007

"Prepaid Customer' Reconcillation Details. or Advance billing Customer List.

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yournura

 Profile Answers by yournura Questions by yournura

• Nov 28th, 2007

Captial A/c , Drawings a/c , Fixed assets purchasing and so on. According to the double entry system each transaction have two side debit and credit. there are some transaction satisfied with balance ...

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stinkai

 Profile Answers by stinkai Questions by stinkai

• Jul 30th, 2008

Cash Flow statement is a generate income, not the invoices. there are two types of cashflow 1. Inflow 2. Outflow1 Inflow: eg. if you received cash from your credit customers, you will decrease you...

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anuradha.vijayaraghava

 Profile Answers by anuradha.vijayaraghava Questions by anuradha.vijayaraghava

• Jun 8th, 2009

After transferring the subsidiary data to the parent set of books, combine the subsidiary and parent data.Once parent and subsidiary data has been combined, enter eliminating journal entries.* Choose ...

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What is the Difference Between Profile Option and User Exits

sree82

 Profile Answers by sree82 Questions by sree82

• Jun 13th, 2008

Don't knw

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What is special GL in SAP? If it is reconciliation a/c for customer then each customer has two GL A/Cs, one normal & other special GL

malini.007

 Profile Answers by malini.007 Questions by malini.007

• Jul 16th, 2009

Special GL is an GL other than the normal GL for AR and AP. Like Down payments (made or received), Bills of exchange etc.Yes, there would be two accounts for a particular client one normal and one special.

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Explain Salary Computation. How to file the salary returns?

malini.007

 Profile Answers by malini.007 Questions by malini.007

• Jul 16th, 2009

Generally, the salary is computed asBasic : 30 - 35% of CTCHRA : 50% of BasicDA : Regulated by Govt. notifications (nominal amounts)CCA : Is normally a filler on negotiated salary (put the balance amo...

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Why do we perform reconciliations? Are reconciliations part of financial statements?

LAVANYA

• Jan 9th, 2013

Yes reconciliation is necessary in financial statement .

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(It was asked in an Interview)

rejo

• Dec 23rd, 2011

General ledger includes all ledgers after adjusting the balance where as final accounts is arranging ledger balance to get profit and loss as well as to know the finacial position.

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If a manpower supplier is a proprietor & service receiver is LTD company. Due to RCM amendment service provider 25 % service tax & service receiver is paying remaining 75% Service Tax. So what will be general ledger entry in above cases in SAP. & what will be general entry at a time of cenvat credit ?

Plz lets know

GVR

• Dec 4th, 2013

For service provider portion Expense A/C Dr Service tax deposit A/C Dr ?? To Creditor A/C For Service Receiver portion First you have to create a service tax payable A/C and a vendor A/C in the name...

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Problem statement-
• There are 2 Regions in a country REGION X & REGION- Y
• REGION X is closed and GL Trial Balance (TB) is transferred to REGION Y books ( X-TB is uploaded in Y books like a journal we do normally)- No Sub Ledger (SL) level transfer was done
• There was 1 invoices lying AP SL in X books ( xx722002 )- for 1000 GBP
• When TB was uploaded in Y books xx722002...

ganesh mane

• Nov 27th, 2013

X A/C Dr .......
TO Y A/C Cr......

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Nadeem

• Jan 24th, 2016

Yes. We can post budget journals in a closed period.

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Ansar Aluva

• Oct 20th, 2015

In an ERP System, All the sub-ledger entries like AR, AP, Inventory, Payroll etc has to flow to General Ledger as an control Account. All the sub-ledger entries used to flow to GL using a scheduled a...

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SHAFIQ

• Jul 2nd, 2015

Balance sheet account reconciliations is the process by which the assets and liabilities in the unit's balance sheet are substantiated.

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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 reconciliation.

SHAFIQ

• Jul 2nd, 2015

Reconciliation is process way by which the assets and liabilities in the unit's balance sheet are substantiated.

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If we enable inter-company in Oracle there is a chance to upload incorrect journals like imbalance journals at company level. So how we can rectify this problem. (if the user unfortunately upload journal between two companies it will accept) can you please explain about this.

Dipika

• Jun 14th, 2016

1. There is an option available in Oracle from where you can search your batch which was imbalance and uploaded in Oracle successfully, you can delete that batch and upload the fresh one.

2. You can also reverse that batch in Oracle itself and then upload the fresh batch with required correction.

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Describe the flow and actual journal entries involved in project accounting from start to end

suraj

• Aug 1st, 2016

Inter Company Journal Entries

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