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accrual and account key

Former Member
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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

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Answers (1)

Answers (1)

Former Member
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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.

Former Member
0 Kudos

Hi,

I still confused. Can reply in point form?

Thanks

Former Member
0 Kudos

Hi,

An accrual any expenditure before the closing key date which represents an expense for any period after this date..

Deferred income is any receipts before the closing key date which represent revenue for any period after this date

Reg,

Deepak.

Former Member
0 Kudos

Hi,

I really appreciate if my doubt can be cleared.

Any genuine advice is very much appreciated.

p/s Deepak, i appreciate your reply but hope you can reply appropriately so that the thread will not grow longer. hope you can understand.

Former Member
0 Kudos

hi,

Goto m/08 tcode and u'll find the key in the last column and system uses this key to post the frieght( Account key-Accrual/provision)- FR2...

Reg,

Deepak.

Former Member
0 Kudos

With the aid of the account key, the system can post amounts to certain types of accruals accounts. For example, rebate accruals which are calculated from pricing conditions can be posted to the corresponding account for rebate accruals.

regards,

indranil