Define the accounts receivable ledger. What is it used for? What does the term "understated" mean in accounting? What is meant by the term accrual basis of accounting? What is its alternative? What is the definition of treasury stock? Describe the accounting equation and each of its parts....
Define the term understated in accounting. Are leases liabilities? Explain. What is the definition of a debit? Explain the difference between determinable and uncertain current liabilities and give a few examples of each. Define the accounts receivable ledger. What is it used for?
A ledger group is a group of variousstandard ledgersthat are used for applying the functions and processes of General Ledger Accounting to the group as a whole. How to Define Group Ledger in SAP? Please follow the steps below to define the extension ledger in your SAP system: Enter t-codeS...
48.1Defining Automatic Accounting Instructions Automatic accounting instructions (AAIs) define the link between the Job Cost, Subcontract Management, and General Accounting systems. The following five categories of AAIs are relevant to the Job Cost system: You should first review the AAIs in your sys...
You can use one financial dimension in the ledger configuration as a balancing financial dimension. In other words, for each entry to a specific account, the dimension value has an equal and opposite entry. If you have a requirement to maintain multiple balance sheets, we recommend that you ...
Attention: To create encumbrances for accounts in Purchasing or Payables, you must enable encumbrance accounting on accounts in the Define Budget Organizations window in General Ledger.See AlsoBudgetary Control and Online Funds Checking Overview of Encumbrance Accounting...
If wages payable in the ledger is a credit what is the balancing debit? Explain how to document collected accounts receivable balance sheet. Which account is a liability account? a. Account payables b. Sales c. Purchases d. Account receivables What is the balance in Accounts Receivable on Marc...
Because financial tags are not part of the ledger account posted on the accounting entries, the tag values can be changed after posting.For the first release, financial tags can be created and have been incorporated in the General journal and Global general...
3..Post Sub Ledger A/C Credit:This option is used for defining the posting keys for cheque receipts. 4.Clear Debit GL Account:Means post the transaction to the debit of the account as speicified in the debit column and clear the transaction from that account ...
If you are already using General Ledger Accounting (new), the problem may occur if there is an upgrade from ERP 2004 to an ERP system with a higher release, or if the "Funds Management Active" indicator is subsequently set (as of ERP 2005) in the view VV_FMISPS_1. In both cases...