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?
1. what you mean by Business unit, Legal entity, operating unit, Business Group.2. Can u tell me the Setup's for Auto Invoice and Multi-org.3. what u mean by Parent and child relation ships and when we are using the same?
Latest Answer : 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 application products while keeping transaction data separate ...
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 ...
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 ...
What is the difference between direct expenses and indirect expensesWhat is the difference in direct income and indirect income. Explain with example.
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 ...