Accrual [message #270564] |
Thu, 27 September 2007 09:36 |
raazintouch
Messages: 27 Registered: August 2007
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Hi All,
Can anybody explain me what is the word ACCRUAL means in AP, what is its significance.
Prabhuraj can u help me gain?
Regards,
Raju K
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Re: Accrual [message #271259 is a reply to message #270564] |
Mon, 01 October 2007 01:11 |
milind3112
Messages: 42 Registered: July 2006 Location: Pune
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Member |
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Hi,
It is simple accural means provision in finance langauge... in AP ACCURAL means your unbooked GRN or expenses provision.
Accural word is common in finance & also in Oracle apps.
Regards,
Milind
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Re: Accrual [message #271342 is a reply to message #270564] |
Mon, 01 October 2007 06:47 |
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HI Raju,
Accruals means something which is not cashed but is in a
process of accumulating.
For say Expense accruals which has to be paid off some time
Regards,
P.Prabhu Raj Kumar
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