 Related Questions Should the Cash Discounts GL hit the Balance Sheet as per US accounting concept? If yes, then why and if No, then why? Please explain the entry flow and also how you would clear the open item lying the Cash discounts GL and what would be your analyses for the open line item? Latest Answer : Flow in General ledger:1 Define value sets : setup--> financials--> flexfield--> key--> validation--> sets.2.Define accounting flexfield(key flexfield) : setup--> financials--> flexfield--> key--> segment ... Read Answers (1) | Asked by : Ani Latest Answer : 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 ... Read Answers (1) | Asked by : K.Senthil Kumar View Question | Asked by : rajan What is the difference between direct expenses and indirect expensesWhat is the difference in direct What is the difference between direct expenses and indirect expensesWhat is the difference in direct income and indirect income. Explain with example. Read Answers (3) | Asked by : pankaj Explain Salary Computation. How to file the salary returns? Latest Answer : 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 amount in this). Otherwise, 30% of CTCGratuity : Is statutory ...
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