Which of the following statements are true regarding this integration - ProProfs Discuss
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Which of the following statements are true regarding this integration aspect?
The Procurement Application is closely integrated with the Financial Accounting in SAP ERP.



A. When posting a goods receipt for a stock material an accounting document is created that debits the particular General Ledger stock account and credits the goods receipt/invoice receipt clearing account with the value of the material received.
B. When posting a vendor invoice an accounting document is created that credits the vendor account in the Accounts Payable Sub-ledger and debits the goods receipt/invoice receipt clearing account with the value of the material invoiced.
C. Since the goods receipt must take place before the invoice posting, the goods receipt/invoice receipt clearing account is always balanced out after invoice receipt.
D. Upon goods receipt, the Accounts Payable sub-ledger reconciliation account in General Ledger is debited with the value of the material received.
E. Upon invoice receipt, the Accounts Payable Sub-ledger reconciliation account in General Ledger is credited with the value of the material invoiced.
F. Payment of the vendor invoice does not create an accounting document. Only the accounting document from the invoice posting is cleared.
G. Payment of the vendor invoice creates an accounting document that debits the vendor account in the Accounts Payable Sub-ledger and the reconciliation account in General Ledger.

This question is part of 02 Purchase-to-Pay Business Process
Asked by Dbv_rulez, Last updated: Feb 24, 2020

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dbv_rulez

Dbv_rulez

Answered May 04, 2018

When posting a goods receipt for a stock material an accounting document is created that debits the particular General Ledger stock account and credits the goods receipt/invoice receipt clearing account with the value of the material received.
When posting a vendor invoice an accounting document is created that credits the vendor account in the Accounts Payable Sub-ledger and debits the goods receipt/invoice receipt clearing account with the value of the material invoiced.
Upon invoice receipt, the Accounts Payable Sub-ledger reconciliation account in the General Ledger is credited with the value of the material invoiced.
Payment of the vendor invoice creates an accounting document that debits the vendor account in the Accounts Payable Sub-ledger and the reconciliation account in the General Ledger.
 

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