on 09-24-2008 12:40 PM
hi all,
i am quite confused of these 2 key despite reading alot in forum.
hope can reply in point form.
when GR,
Stock Account - Dr - 110 INR
GR/IR Clearing A/c - Cr - 100 INR
Freight Clearing A/c - Cr - 10 INR
1) may i know the GR posting above is using accrual or account key or mix? if mix, can explain which is accrual key and which is account key?
2) post to balance sheet account, irregard clearing account or main account in balance sheet like above, is used accrual key?
3) can i say if post to P&L account, it is using account key?
thanks alot
Hi,
You maintain frieght condition as an accrual as it has to be posted to a seperate account and moreover accrual is nothing but if you take the costs at the end of the month for a rent paid is 100 and divide it equally then its split and gets posted exactly per day..
Reg,
Deepak.
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