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Inventory AP Accrual account

Posted: Mon Jan 28, 2008 9:21 am
by lalita
hi all,
i am always confused with the account of inventory ap accrual account, can anyone help me to clarifie this doubt, whats that meaning and whats the purpose?
thanks
from,
lalita.

Posted: Mon Jan 28, 2008 10:29 am
by byswamy
Hi

Inventory AP Accrual is Uninvoiced Reciept. It is a part of Liabilty. when u matched receipt or PO to Invoice the payables releave this account.
If need some more clarification...reply to this


Regards
swamy

Posted: Mon Jan 28, 2008 1:21 pm
by admin