Transaction Type account explaination required
Posted: Fri Nov 14, 2008 4:11 am
Hi i am trying to understand various account usage linked to Transaction Type screen in Receivables in 11.5.10.2 instance.
Can anyone please explain me below accounts. And most importantly for specific class(
1. Invoice
2. Chargeback
3. Credit Memo
4. Debit Memo
5. Deposit
6. Guarantee
)
which accounts(
1. Receivable Account
2. Revenue Account
3. Unbilled Receivable Account
4. Tax Account
5. Freight Account
6. Clearing Account
7. Unearned Revenue Account
)
in Transaction Type <span id='hl' style='background-color: yellow'>need</span id='hl'> to be specified.
Please help i am trying to figure it out for quite some time.. but as i dont have accounting background unable to understand it clearly
regards
Arvin
Can anyone please explain me below accounts. And most importantly for specific class(
1. Invoice
2. Chargeback
3. Credit Memo
4. Debit Memo
5. Deposit
6. Guarantee
)
which accounts(
1. Receivable Account
2. Revenue Account
3. Unbilled Receivable Account
4. Tax Account
5. Freight Account
6. Clearing Account
7. Unearned Revenue Account
)
in Transaction Type <span id='hl' style='background-color: yellow'>need</span id='hl'> to be specified.
Please help i am trying to figure it out for quite some time.. but as i dont have accounting background unable to understand it clearly
regards
Arvin