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Oracle R12 India Accounting Entries PDF
Oracle R12 India Accounting Entries PDF
Payable Setups:-
1. Creating Requisition
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3 Invoice:
AP Accrual a/c
To Liability a/c
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Liability a/c
To Cash/Cash Clearing a/c
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4 Payment:
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AR Period Close Process:1. Run Auto Invoice Master Program with all transaction
sources.
2. Clear all the error in master program for rejected
invoices, if any.
3. Complete all transactions
4. Apply all receipts with respective invoices.
5. Create Accounting for all invoices and receipts
6. Transfer all transactions to GL
Accounting Entries with Localization in the Cycle:1 Invoice (Excise & VAT):
Receivable a/c
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Confirm:
Receivable Setups:-
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To Revenue a/c
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A Excise
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Invoice:
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3 Invoice:
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Receivable a/c
To Revenue a/c
B VAT
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4 Receipt:
Cash a/c
To Unidentified a/c
Unidentified a/c
To Unapplied a/c
Unapplied a/c
To Receivables a/c
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Invoice:
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2 Invoice
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(Service Tax):
Receivable a/c
To Service Tax Interim Liability a/c
To Revenue a/c
3 After Receipt & Running India-Service Tax Processing:
Service Tax Interim Liability a/c
To Service Tax Liability a/c
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