0 Replies Latest reply on Aug 15, 2015 7:56 AM by Shahzad M. Saleem

    Direct Inter Org Transfer Entries

    Shahzad M. Saleem

      HI All,

       

      The accounting entries of Direct Inter Org transfer entries are:

       

      AccountOrganizationDebitCredit
      Inter-Organization ReceivableSendingXX
      Org. Inventory Valuation accountsSending XX
      Org. Inventory Valuation accountsReceivingXX
      Inter-Organization PayableReceiving XX

       

      My question is, WHEN THIS RECEIVABLE AND PAYABLES WILL NET OFF EACH OTHER?? AS CLEARING ACCOUNT IS SHOWING BALANCES?

       

       

      REGARDS:

      SHAHZAD M. SALEEM