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    Practise Details

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    khaleel ofc
    The document outlines accounting entries for various financial transactions including inventory receipt, invoice creation and payment, accounts payable accrual, and sales order fulfillment. It also lists the company's office locations in the United States, Canada, and Mexico. An error message at the end indicates that a journal entry does not balance between accounting segments and requires an intracompany balancing rule.

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    Practise Details

    Uploaded by

    khaleel ofc
    6 views4 pages
    The document outlines accounting entries for various financial transactions including inventory receipt, invoice creation and payment, accounts payable accrual, and sales order fulfillment. It also lists the company's office locations in the United States, Canada, and Mexico. An error message at the end indicates that a journal entry does not balance between accounting segments and requires an intracompany balancing rule.

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    The document outlines accounting entries for various financial transactions including inventory receipt, invoice creation and payment, accounts payable accrual, and sales order fulfillment. It also lists the company's office locations in the United States, Canada, and Mexico. An error message at the end indicates that a journal entry does not balance between accounting segments and requires an intracompany balancing rule.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as txt, pdf, or txt
    6 views4 pages

    Practise Details

    Uploaded by

    khaleel ofc
    The document outlines accounting entries for various financial transactions including inventory receipt, invoice creation and payment, accounts payable accrual, and sales order fulfillment. It also lists the company's office locations in the United States, Canada, and Mexico. An error message at the end indicates that a journal entry does not balance between accounting segments and requires an intracompany balancing rule.

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    © All Rights Reserved
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    of 4

    Services to Stat

    OracleServiceVIS
    OracleConcMgrVIS_apps

    app-sqlap-10771 could not reserve record

    AP Liability
    01.2210.000.0000

    Accrual Expense
    01.2225.000.0000

    Purchase Requisition creation


    ---------------------------------------------------
    No entry

    Purchase Order creation


    ---------------------------------------------------
    No entry

    Inventory Receipt
    ---------------------------------------------------
    Inventory A/c Debit
    AP Accrual A/C Credit(This A/c We are giving in Financial
    Option)

    At the time of Matching the Invoice with Purchase Order


    -------------------------------------------------------
    AP Accrual A/c OR Item Expense Debit
    Supplier A/c OR Liability A/c Credit

    At the time of making payment to supplier


    ----------------------------------------------------
    Supplier A/c OR Liability A/c Debit
    Bank A/c Credit

    ===================================================================================
    =============
    Invoice Creation

    00.2225.000.0000 DR Item Expense


    00.2210.000.0000 CR Liability

    Transfer to GL
    00.2225.000.0000 DR Item Expense
    00.2210.000.0000 CR Liability

    -----------------------------------------------------

    Invoice Payment
    00.2210.000.0000 DR Liability
    00.1110.000.0000 CR Cash Clearing

    Transfer to GL
    00.2210.000.0000 DR Liability
    00.1110.000.0000 CR Cash Clearing

    -----------------------------------------------------

    Payment Reconcilation
    00.1250.000.0000 DR Cash Clearing
    00.1110.000.0000 CR Cash

    Transfer to GL
    00.1250.000.0000 DR Cash Clearing
    00.1110.000.0000 CR Cash

    -----------------------------------------------------

    Sales order creation – No entries

    Pick release:
    ------------------------------------------------------
    Inventory Stage A/c Debit
    Inventory Finished goods a/C Credit

    Ship confirm:
    ------------------------------------------------------
    Cogs A/c Debit
    Inventory Organization a/c Credit

    Receviable:
    ------------------------------------------------------
    Receviable A/c Debit
    Revenue A/c Credit
    Tax Credit
    Freight Credit

    Cash:
    -----------------------------------------------------
    Cash A/c Debit
    Receivable A/c Credit

    General Ledger Responsibility


    Setup/Financials/Flexifields/Key/Rules
    View/Query By Example/Enter
    Application: General Ledger
    Flexfield title: Accounting Flexfield
    Structure: Your Organization Structure
    View/Query By Example/Run

    Error
    The subledger journal entry does not balance by balancing segment and there is no
    Intracompany Balancing Rule defined for the ledger K_PL, source Payables and
    journal category Payments. The ledger option Intracompany Balancing is enabled, but
    no balancing rules are defined for the ledger. Please update the journal entry
    setups for the application accounting definition so that the journal entry balances
    by balancing segment, or define a cross-entity balancing rule for the ledger.
    Herndon
    2121 Cooperative Way, Suite 130 Herndon, Virginia, 20171
    Richmond
    919 E.Main Street, Suite 1000, Virginia, 23219
    San Diego
    600 B Street 300,
    California, 92101
    Fremont
    39510 Paseo Padre Parkway,
    California, 94538
    Atlanta
    1201 Peachtree Street, 400 Colony Square, Suite 200,
    Georgia, 30361
    Canada
    1200 McGill College Avenue, Suite 1100,
    Montreal, H3B 4G7
    Chicago
    22 W. Washington Street, Suite 1500,
    Illinois, 60602
    Clarkston
    10106 Dorchester Court,
    Michigan, 48348
    Beaverton
    14355 SW Allen Blvd,
    Oregon, 97005
    Frisco
    2500 Legacy Dr., Suite 118,
    Frisco, TX 75034
    lrving
    The Urban Towers, 222 West Las Colinas Blvd,
    Texas, 75039
    Salt Lake City
    3025 Cresent Dr,
    Utah, 84106
    Seattle
    1455 NW Leary Way #400,
    Washington, 98107
    Birmingham
    2100 Southbridge Pkwy Suite 650,
    Alabama, 35209
    Denver
    1600 Broadway Street,
    Colorado, 80202
    Orlando
    7380 W. Sand Lake Road, Suite 500,
    Florida, 32819
    Charlotte
    301 McCullough Drive, Suite 400,
    North Carolina, 28262
    Columbia
    1320 Main Street, Suite 300,
    South Carolina, 29201
    Indianapolis
    9465 Counselors Row, Suite 200,
    Indiana, 46240
    Lexington
    2333 Alexandria Drive,
    Kentucky, 40504
    Bloomington
    10709 Irwin Ave S,
    Minnesota, 55437
    New York
    500 7th Avenue, 18th Floor,
    New York, 10018
    Philadelphia
    1650 Market Street, Suite 3600,
    Pennsylvania, 19103
    Sugar Land
    14100 Southwest Fwy,
    Texas, 77478
    Boston
    100 Cambridge Street, 14th Floor,
    Massachusetts, 02114
    Vancouver
    2416 Main St, Suite 398,
    British Columbia, V5T 3E2
    Richmond Hill
    70 East Beaver Creek Road, Suite 201,
    Ontario, L4B 3B2
    Montreal
    1200 McGill College Ave, Suite 1100 ,
    Quebec, H3B 4G7
    Montreal
    1250 Rene Levesque Boulevard West,
    Quebec, H3B 4W8
    Tijuana
    Calle de las Rosas, Lomas del Matamoros ,
    Baja California, 22206

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