ERPstuff - Oracle EBS Community

Hi,

I am new for this forum and I have some doubts can any body help me clearing my doubts plz.

1. In AP after Invoice Entry the accounting transaction
Dr- Accruals
Cr - AP Liability

I want to know from where this AP Liability and Accruals comes from ?

2. Can any one help me about the oracle Fixed Assests full cycle in APPs and what are the accounting entries populated in FA any document which helps me regarding this?


Regards,

liability a/c we will select in financial options window accounting tab, and ap accruals account we will select in the distribution level.

fixed asset journal entries are
additions:
asset a/c dr
To asset clearing a/c

depreciation
depreciation a/c
To accumulated depreciation a/c

CIP
cip cost a/c
To cip clearing a/c

on Capitalized cip
asset a/c dr
To cip cost a/c

capitalize to CIP
cip clearing a/c
To asset clearing a/c

retirement
accumulated depreciation a/c
sales clearing a/c
To fixed asset a/c
To gain/loss a/c

If any mistakes please correct me.

Eshwar
9740402668