Journal Created by Oracle Payables - A Sample
| 1 | ) On entering an invoice | ||||||
| Dr | Expleses Account | ||||||
| Cr | AP Liability Account | ||||||
| 2 | ) On Entering Prepayment | ||||||
| Dr | Prepayment Account | ||||||
| Cr | AP Liability Account | ||||||
| 3 | ) On Applying Prepayment to Standard Invoice | ||||||
| Dr | AP Liability Account | ||||||
| Cr | Prepayment Account | ||||||
| 4 | ) On entering debit and credit memo | ||||||
| Dr | AP Liability Account | ||||||
| Cr | Expenses account | ||||||
| 5 | ) On Making payment | ||||||
| Dr | AP Liability Account | ||||||
| Cr Cash Account | |||||||
| 6) | On Making payment while cash clearence account is used | ||||||
| On Making Payment | |||||||
| Dr | AP Liability Account | ||||||
| Cr | Cash Clearence account | ||||||
| 7 | )On Making Reconcilation to payment | ||||||
| Dr | Cash Clearence account | ||||||
| Cr | Cash Account | ||||||
| 8 | Exchange rate gain for forgien currency payment | ||||||
| Dr | AP Liability Account | ||||||
| Cr | Cash Account | ||||||
| Cr | Relaized gain account | ||||||
| 9 | ) Exchange rate currency payment (rate loss) | ||||||
| Dr | AP Liability Account | ||||||
| Dr | Relaized Loss Account | ||||||
| Cr | Cash Account | ||||||
| 10 | ) Discount taken | ||||||
| Dr | AP Liability Account | ||||||
| Cr | Cash | ||||||
| Cr | system discount taken | ||||||
| 11 | ) Discount Prorate Expenses Account | ||||||
| Dr | AP Liability Account | ||||||
| Cr | Cash Account | ||||||
| Cr | All Expenses Account (Prorate basis) | ||||||
| 12 | Discount Prorating tax account | ||||||
| Dr | AP Liability Account | ||||||
| Cr | Cash Account | ||||||
| Cr | All Tax Account | ||||||
| Cr | System Discount taken account | ||||||
| 13) | On Interest Invoice Creation | ||||||
| Dr | Interest Expenses Account | ||||||
| Cr | Interest Liability Account | ||||||
| 14 | On Applying Withholding Tax | ||||||
| Dr | Ap Liability Account | ||||||
| Cr | Withholding Tax Account | ||||||
| 15 | On Creating a withholding tax invoice by payables | ||||||
| Dr | Withholding Tax Account | ||||||
| Cr | AP Liability Account ( Tax Authority Suppliers) | ||||||
