Recoverable tax in PO Receipt matched to Invoice, Tax line accounting is showing Item charge account
These are the expected accounting for Recoverable tax:
1] PO Receiving - Interim Recovery a/c Dr
Accrual a/c Cr
2] Delivery and Recovery clam - Final Recovery a/c Dr
Interim Recovery a/c CR
3] Matched Invoice Misc. Line [Tax line] Accrual a/c Dr
Supplier Liability a/c CR
[1] and [2] is performing OK, as per expectation
[3] accounting in matched invoice is wrongly coming as
Item Charge a/c Dr
Supplier Liability a/c CR
Can anyone got this error also, and how you resolved
Thanks
Atanu Roy FCA, AICWA
Chartered Accountant
Oracle application consultant