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Data Analysis and Insights Report

Certain general ledger accounts like stock consumption, discounts allowed, discounts received, and depreciation accounts should be posted automatically. Stock consumption is not posted since it occurs in materials management. Discounts allowed and received are posted when a customer is given a discount or a discount is received from a vendor.

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sannjanaa
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4 views1 page

Data Analysis and Insights Report

Certain general ledger accounts like stock consumption, discounts allowed, discounts received, and depreciation accounts should be posted automatically. Stock consumption is not posted since it occurs in materials management. Discounts allowed and received are posted when a customer is given a discount or a discount is received from a vendor.

Uploaded by

sannjanaa
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd

FICO interview question

Q1 what are the g/l account that should be posted automatically? Stock consumption account,discounts allowed, discounts recived,depreciation accounts etc., here you for stock consumption you are not posting any entries since it takes place in MM. Discounts allowed and recived takes place when you allow discount to customres or received from vendors.

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