Interviw Faq Keane Inda

Keane India Ltd in miro what is accounting entry along with tax? GR/IR clearing account Dr Cenvat clearing account Dr VAT receivable account Dr To Vendor a/c Cr In G/l account if we select local currency what will happen? In which country u r working that is called local currency and when you select local currency of the country then all transaction will be made into such currency what is company and company code? A company is an smaller organizational unit in accounting which represent a business organization according to requirement of commercial law in particular country.a company can assign to one company code or more than one company code. A company code is an organization unit which have its own legal entity.it is representaive of company by creating balance sheet and profit and loss How is bank reconciliation handled in SAP? BRS in SAP handeled through bank clearing accounts DIFF BET NORMAL & NEGATIVE POSTING? negative posting: when u allow the negative posting for become allow the entries when company code permits negative posting periods used at the time of company code permits and assign to reversla reason.