Oracle General Ledger (GL) Interview Questions and Answers

 

What are the journal entries in Procure to Pay Cycle?

when we receive the material after approve of purchase order 1 . when the Material
Received at the Gate Receiving A/C Dr Material AP accrual A/C Cr2. When the Material
delivered to The Inv Org Material A/c Dr Purchase Price Variance A/c Dr Receiving
A/c Cr3. When the Invoice Is enterd into the Payable with Matching Of PO Material
Ap Accrual A/c Dr Invoice Price Variance A/c Dr AP Liability A/c Cr

Posted by:Richards