Answered Questions

  • Delivery Note

    What is the use of Delivery Note?

  • Expense / Invoice Verification

    What items would you verify when processing an expense report / invoice for payment?

  • Nature and accounting treatment for fixed asset

    Explain the nature and accounting treatment for fixed asset.

    balajinanduri

    • Jul 8th, 2009

    Once the asset is purchased it is recorded in the books of accounts by using money measurement concept. It takes in to account only the expenditure incurred for purchasing the asset.As per the company procedures depreciation will be calculated. Depreciation fund will be maintained.

  • Suspense Account

    Hi Friends,I have a problem with suspense account. I been working for some organization and they have been getting this suspense account error since 2003. But its a big organization and they didn't consider it as a problem so far..but now-a-days this suspense account is increasing rapidly and decreasing rapidly.. Could you pls tell me how to clear this suspense account. They are using Oracle Applications...

    Hemant Balodia

    • Jul 25th, 2011

    I have worked for "Westpac Banking corporation" which is largest bank of Australia. I was in suspense team. In suspense accounts generally value comes when the values moves from sub ledger to ledge...

    raghunath

    • Jul 23rd, 2011

    To clear suspends account in oracle finance.we have to assign suspends account type in at our chart of accounts as liabilities account type.in values of account segment.then go to accounting setups op...