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![]() 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? 1)invoice approval work flow2)invoice validations3)invoice accounting4)auto invoice in Accounts pay ables5)Legacy P.O's conversions6)legacy Invoice's conversions7)Autoaccounting,autocash rule set8)HOw many set of books attach to one legal entity9)many set of books attach to one operating unit10)Expense invoice11)Recurring Invoice12)Budget's13)After permanently closed period. in the same period how to pass transactions.14)we passed one invoice with 90 days payments term but we paid View Question | Asked by : devender 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 What is the effect of not reconciling the expense accounts?If there is a credit adjustment in the expense account with no supporting documentations, what is the financial statement impact? View Question | Asked by : Patrice Latest Answer : 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 sheet items. For ex, advance given to manager for travelling. ... Read Answers (1) | Asked by : Johnny Latest Answer : 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 your debtors and it's become inflow to your cashflow ...
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