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  • Test Contract 203

    Uploaded by

    Yashashree Muduli
    13 views2 pages
    The document outlines the configuration values for an advance rental charge accounting process. It details the flow type, account symbol, and description for rental charges on a contract for 300 QAR from January to March 2020. It also lists the journal entries needed for the advance receipt, monthly deferral of revenue, and eventual recognition of rental revenue over the three month period.

    Original Description:

    RECN

    Original Title

    Test contract 203

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    The document outlines the configuration values for an advance rental charge accounting process. It details the flow type, account symbol, and description for rental charges on a contract for 300 QAR from January to March 2020. It also lists the journal entries needed for the advance receipt, monthly deferral of revenue, and eventual recognition of rental revenue over the three month period.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    13 views2 pages

    Test Contract 203

    Uploaded by

    Yashashree Muduli
    The document outlines the configuration values for an advance rental charge accounting process. It details the flow type, account symbol, and description for rental charges on a contract for 300 QAR from January to March 2020. It also lists the journal entries needed for the advance receipt, monthly deferral of revenue, and eventual recognition of rental revenue over the three month period.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Config Values:

    Flow type: A110 Adv Rental charge Once - Dr S Debit Posting ZTRVCN

    Acc Symbol: 1000 A110 Adv Rental charge R Once 841800 Rev. mgnt rntl obj.

    RERAPP for contract 3100/203 on 1st Jan 2020

    F-28 of 300 QAR on 01.01.2020

    1st RERAALCN on 31st Jan 2020


    2nd RERAALCN on 29th Feb 2020

    3rd RERAALCN on 31st March 2020

    1) RERAPP for 3 Months: Dr. Customer 300 QAR

    To Un realised

    2) F-28 Receipt: Dr. Bank 300 QAR

    To Customer

    ………………………………………………………………………………………………………….

    Dr. Bank 300 QAR

    To Un realised

    Deferral Entry:

    3) 1st - Deferral entry end of the month: Dr. Un realised 102.20 QAR
    To Revenue
    4) 2nd - Deferral entry end of the month: Dr. Un realised 95.60 QAR
    To Revenue
    5) 3rd - Deferral entry end of the month: Dr. Un realised 102.20 QAR
    To Revenue

    ………………………………………………………………………………………………………………

    Dr. Bank 300 QAR

    To Rent Revenue

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