Latest Answer : the items in an open item account are marked either open or cleared.the balance of an account with open item management is always the balance of the open item. you should manage gl accounts on an open item basis if you need to check ...
What is another name for a real account in accounting? is it a permanent account or a temporary account? Also, what is another name for a nominal account? is it a permanent account or a temporary account?
Latest Answer : one more difference is overdraft facility available on current account where as no such facility is available in saving bank a/c.The basic difference between saving and current account is that we get interest on saving account. but we don't get interest ...
Diff b/w current account and saving account?2. what is sub ledger?give me one ex?3. what is another name for a real account in accounting? is it a permanent account or a temporary account?...4. what is the payrollsystem5. what is consolidation6. 1) developed interface program for invoice upload from external system after validation and error handling...7. What is difference between automatic Payments Batches and automatic payments8. After raising GR then raise invoice for partial quantity. eg raised
How to account freight cost, handling charges,purchase tax at the time of raising a Purchase Order?For example:Item to be procured= AQuantity to be procured= 10Unit Rate= 100Inward freight cost for 10 quantity (known at the time of raising PO )= Rs. 1000Handling Charges= Rs. 500Input Tax = @ 10% (on base price)
Latest Answer : If the bill is to be paid directly to the customer it is bill payable and if the transaction is through bank then it is account payable. ...
Latest Answer : Every Company has different pay scales according to the HR Policy. It may differ for different positions and acording to education and experience. These are called Pay Groups. ...
What is meant by functional specifications involved in PO and AP?How do you find out one organization using multi-org or single org?What is the difference between balance, account, none (automatic offset methods)?Difference between manual payment and quick payment?Purchasing and payables done at which level, Operating Unit level or SOB level?
Latest Answer : Because these exps are paid/payable to persons. person includes Sole Proprietor, Partnership Firms, HUF, Co; etc.Personal accounts always appear in B/S until it is transfered to expenditure by debiting to P&L A/C. ...
When setting up Purchase items for overhead expenses (G&A expenses) what expense GL account do you use, and what sales account GL do you use? Also, what are roll up accounts in the chart of accounts?
