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Question: Recurring Journals and Mass Allocation
Answer: what is the difference between Recurring Journals and Mass Allocation? |
| June 06, 2009 08:57:23 |
#2 |
| satishmkumar |
Member Since: May 2009 Total Comments: 10 |
RE: Recurring Journals and Mass Allocation
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Recurring Journals: The Journals which are repeated one or more periods are called as "Recurring Journals.
Recurring Journals are classified into 3 Types:
1.) Standard Recurring Journals
2.) Skeleton Recurring Journals
3.) Formula Recurring Journals
(1) Standard Recurring Journals:- According to Standard Recurring Journals, "amounts are constant".
(2) Skeleton Recurring Journals:- According to Skeleton Recurring Journals, "amounts are variables".
(3) Formula Recurring Journals:- According to Formula Recurring Journals, "amounts are to be calculated by using Formula".
Mass Allocations: Mass Allocation Journals are used to allocate the expenses or revenues to the various departments, branches, locations depending upon usage factors. |
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