Different types of Journals in General Ledger

Oracle ebusiness  suite>Oracle Financial> Oracle General Ledger (GL)

QUESTION OF THE DAY!!  

                

MODULE: ORACLE gl

Question:  What are the different types of Journals in General Ledger ?

Answer:   :  

1. Functional Currency JV: 

This Journal, we enter Local Currency transaction purpose.

2. Foreign Currency Jv: 

this Journal, we enter other than local currency transaction purpose...before we define exchange rates

3.Suspense JV: 

this Journal, whenever debit is not equal to credit that time, we enable in set of books window Suspense button, then it works otherwise it's not working

4.Tax JV: 

this Journal, calculate taxation of Purchased items

5.Reverse JV:

 this Journal whenever we enter recurring journal, at the time of we using..We have two methods...one is Debit to Credit and second one is sign (+ to -)

6.Recurring JV :

this one is We define one template, we use Periodically, these are 3 types

1.Standard 2.Skeleton 3.Formula

7.Mass Allocation JV:

Set of Expenses or Set of Revenue allocate different parts using Formula A*B/C 

A is Total Cost Pool..B is Usage Factor...C is Total Usage Factor...

8. Batch JV: 

Group of Journal we enter at a time, We Define Control Amount

9. Stat JV: 

This JV we have one side of Amount either debit or Credit.....




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