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

Posted: Thu May 19, 2011 6:02 am
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

Posted: Fri May 20, 2011 2:45 am
by anshu_678
Hi
Can you tell me what exactly you are looking for .
Discribe scenario .

Regards
Anshuman Yadav

Posted: Sat May 21, 2011 7:34 am
by shaikjohnpasha
Kindly clarify what is your requirment and purpose of it???

Posted: Sat May 21, 2011 10:52 am
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,

Posted: Thu May 26, 2011 1:37 am
by Number13
Thanks shaikjohnpasha and anshu! Shaikjohnpasha you answered me. I was facing the same issue which you percieved.

Thanks a lot.

Satya