1.

What Are The Different Types Of Journals In General Ledger ?

Answer»
  1. Functional Currency Jv: This Journal, we enter Local Currency transaction purpose.
  2. Foreign Currency Jv: this Journal, we enter other than local currency transaction purpose...before we define exchange rates
  3. Suspense Jv: this Journal, whenever debit is not equal to credit that time, we enable in set of BOOKS window Suspense button, then it works otherwise it's not working
  4. Tax Jv: this Journal, calculate taxation of Purchased items
  5. Reverse Jv: this Journal whenever we enter recurring journal, at the time of we using..We have two methods...one is Debit to Credit and second one is SIGN (+ to -)
  6. Recurring Jv :this one is We define one template, we use Periodically, these are 3 types
    1.Standard 2.Skeleton 3.FORMULA
  7. Mass Allocation Jv :Set of Expenses or Set of Revenue ALLOCATE different parts using Formula A*B/C
    A is Total Cost Pool..B is Usage Factor...C is Total Usage Factor...
  8. Batch JV: Group of Journal we enter at a time, We Define Control AMOUNT
  9. Stat JV: This JV we have one side of Amount either debit or Credit.....



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