Liability a/c can be selected in Bank A/c?

This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
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Number13
Posts: 89
Joined: Mon Sep 17, 2007 2:16 am
Location: India

Liability a/c can be selected in Bank A/c?

Post by Number13 »

Hi Gurus,

Here I have some requirement to select Liability a/c for one dummy bank. May any body tell me what will be effect in trial balance or any other effect if a liability a/c will be selected in Bank cash account.

Waiting for repsone.

Thanks & Regards,
Satya
anshu_678
Posts: 10
Joined: Fri Oct 05, 2007 3:57 am
Location: India

Post by anshu_678 »

Hi
Can you tell me what exactly you are looking for .
Discribe scenario .

Regards
Anshuman Yadav
shaikjohnpasha
Posts: 74
Joined: Tue Jul 10, 2007 10:02 am
Location: India

Post by shaikjohnpasha »

Kindly clarify what is your requirment and purpose of it???
shaikjohnpasha
Posts: 74
Joined: Tue Jul 10, 2007 10:02 am
Location: India

Post by shaikjohnpasha »

Dear Satya,

Hope your question relates to R12.

You can set-up Bank Account with Liability Control Account if your requirment is so.But you should not select Third Party Control account qualifier to that particular Liability Control Account till R12.1.2.

If you are in R12.1.3 it is different.

Hope this is what you are expecting.

Rgrds,
Number13
Posts: 89
Joined: Mon Sep 17, 2007 2:16 am
Location: India

Post by Number13 »

Thanks shaikjohnpasha and anshu! Shaikjohnpasha you answered me. I was facing the same issue which you percieved.

Thanks a lot.

Satya
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