Question

What is Evaluated Receipt Settlement?

Answer 1

Explanation:

Following are the features of receipt and payment account: It is abridged addition of cash book - it is, in effect, a summary of cash book. All cash receipts during the whole year are recorded on its left hand (i.e., debit) side. ... Cash receipts and cash payments of both capital and revenue nature are recorded here.

Answer 2

Evaluated Receipt Settlement is the process of settling goods receipt automatically. The Vendor Invoices are posted automatically(without actually receiving from the vendor) in the system based on the information in the purchase order and goods receipt.