on 12-11-2007 11:17 AM
Hi Experts,
I have to create a CC Bank ledger account. This account is dynamic it may dr or cr values at any point of time depending on the cheques issues/deposited.
My question is <u>is this Assest account or Liability account</u> because this account balance changes rapidly from time to time.
Pl. help.
Vijay
Hi
Bank accounts are normally created as an asset account only.
The net balance of current assets(this is the group in which the bank accounts form part in a finincial statement) will be arrived at.
If it is an overdraft or a loan account you may create it as an liability account
Hari
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
Hi,
In the Financial Statement version(OB58) you can specify where the account will be displayed based on whether it has a debit or credit balance.....here u can select debit creit shift......
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
hai
Bank A/c Always comes under Current Assets under Balance Sheet Account only.
Subbu
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
Hi
You need to create the Bank account as Balance Sheet account and attach it to the appropriate node in your financial Statement version.
Depending on the value in the account, it will show either positive or negative sign.
Thanks
AK
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
Dear Vijay,
you need not worry about changing the balances. at the time of creation of gl accounts, sap asks for P&L or Balance sheet account. you mention this account as balance sheet account.
This will resolve the issue.
Thanks n regards,
Ganesh JK
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
HI Vijay,
The main Bank Account always Comes under Asset Account only.
Rams.N
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
User | Count |
---|---|
91 | |
8 | |
7 | |
4 | |
4 | |
3 | |
3 | |
3 | |
3 | |
3 |
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.