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Former Member
Oct 30, 2012 at 06:30 AM

vkoa provision account

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hi,

1 may i know under what situation i need to maintain GL account in provision account column in VKOA.

is it only applicable to rebate? other other case that can use?

2 how is the effect during financial posting?

say the sales is $1000 and the provision amount is $100.

the entries correct?

dr debtor $1000

dr provision $100

cr sales $1100

3 when and how i can clear this provision?

4 provision account can be PL and BS?

thanks