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 ).
In our old system we had Purchase Account concept. But in Oracle Apps we donot have it directly. Can any one tell me which account can I term as Purchase Account as per our old system?
Dear Ahsan,
In the Old System which we have learned when study in Accounts..if you can remember, was of the nature of Expense generally in Profit and Loss Account/ Trading Account.
Thanks
