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Oracle General Ledger Questions and Answers
Oracle General Ledger Questions and Answers
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Oracle General Ledger Questions and Answers
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05-15-2013, 12:22 AM,
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Oracle General Ledger Questions and Answers
Ans. There are 3 balance types. - Actuals - Budgets - Encumbrance 2. What is the difference between Budget and Encumbrance Journals? Budget: Budget balances are the funds are allocated to the various accounts. (Fund Allocated) Encumbrance: Encumbrance balances are the funds reserved for the budgets for future expenses. (Fund Reserved) 3. What is the difference between Intra and Inter Company in GL? a. Intra Company Journals: These journals are created between the transactions of one or more balancing segments of same Legal Entity. b. Inter Company Journals: These Journals are created for the transactions between the balancing segments of one or more Legal Entities. Example, Lets say TATA Motors India (LE) having 2 BSV i.e. 01(Tata Motors Pune) and 02 (Tata Motors Gujarat) TATA Steel India (LE) having 2 Bsv i.e. 03 and 04 Transaction between 01 and 02 is Intra Company Transaction between 01 and 03 is Inter Company |
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12-24-2019, 01:37 AM,
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RE: Oracle General Ledger Questions and Answers
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