Voucher class for interest calculation created based on
Answers
Answered by
6
Thanks for asking the question!
ANSWER::
Voucher class for interest calculation created based on Debit and Credit Note.
Extra Information - Voucher Classes are basically used to automate accounting allocations in transactions. Its a table in which we can predefine the entries . Useful in sales invoicing in which the nominal ledger accounts which is to be credited is only defined once.
All items account credits are done automatically and other things like tax and other charges are predefined to be carried at time of actual invoicing.
Hope it helps!
ANSWER::
Voucher class for interest calculation created based on Debit and Credit Note.
Extra Information - Voucher Classes are basically used to automate accounting allocations in transactions. Its a table in which we can predefine the entries . Useful in sales invoicing in which the nominal ledger accounts which is to be credited is only defined once.
All items account credits are done automatically and other things like tax and other charges are predefined to be carried at time of actual invoicing.
Hope it helps!
Answered by
0
Answer:
The correct answer is : Voucher class for interest calculation created based on debit and credit note.
Explanation :
- To automate accounting allocations in transactions, use voucher classes.
- It is a table where the entries are predefined to make entering invoices straightforward.
- This is helpful in sales invoicing since it just needs to indicate once which nominal ledger accounts should be credited for each sale item.
- The accounting credits for sold goods are processed automatically during voucher entry.
- Taxes, freight, and other accounting entries can be specified to be completed unchanged during the actual billing process.
- All key voucher kinds, including Contra, Payment, Receipt, Journal, Sales, Credit Note, Purchases, Debit Note, Sales Order, Purchase Order, Delivery Note, Stock Journal, and Payroll, are available as Voucher Classes.
- With one significant exception, sales invoices and credit note voucher classes are comparable.
- To facilitate adjustment of interest payable, you can set the class for interest entries.
- The other options that resemble sales invoices won't be available if the Interest option is chosen.
- For entries like sales returns, a different class might need to be defined.
- Only interest entries are eligible for setting a debit note class.
- Classes for other entries are not available since Debit Notes cannot be entered using the invoice mode.
#SPJ6
Similar questions