on 11-03-2019 2:16 PM
Hi All,
Can someone please guide me regarding journal entries for below in SAP FICO module:
1) Sales and Purchase entry
2) Sales return and Purchase return entry
Please advise me which T-Code do I need to use for above entries.
Appreciate for your time.
Thanks in advance.
Both depend on what you are buying/selling
Generally, if you are buying assets, the debit would be to assets, credit goes to liability
If you are buying something to be expensed, debit goes to expense, credit to liability
Sales:
Debit Revenue
Credit Receivables
But this is too high level; I recommend discussing with your accounts
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I think more specifics are needed.
Are you looking at journal entries (e.g. transaction FB03)?
Or something just general, as covered in this YouTube video? https://www.youtube.com/watch?v=1TuMuEp7edM
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