11.2.10.1 All Bill Products
Table 11-149 Bill Type
| Bill Type | Operation | Stage | Clean / Doc | Sight/Usance | Under Our LC |
|---|---|---|---|---|---|
| * | * | * | * | * | * |
* All types of BC Products for which profit is applicable
Profit Accruals will be done during initiation of a BC Contract as well as by the EOC
Automatic Profit Accrual Function. During Contract initiation, if profit is applicable
for the product and if the profit start date is less than the today’s system date, then
profit accruals till yesterday will be done. The normal profit accruals will be done by
the EOC automatic profit accrual function.
Table 11-150 Accounting Entries
| GL Type | A/C Type | Dr/Cr | Account Description | CCY | Amount |
|---|---|---|---|---|---|
| Real | GL - Income | Cr | Profit earned | LCY | Equivalent profit accrual amount in LCY. |
| Real | GL Asset/ IENC | Dr/Cr | Profit Earned Not Collected | CCY | Equivalent profit accrual amount in the accrual currency |
Table 11-151 Accounting Entries
| GL Type | A/C Type | Dr/Cr | Account Description | CCY | Amount |
|---|---|---|---|---|---|
| Real | GL | Cr | Profit earned | LCY | Equivalent profit accrual amount in LCY. |
| Real | GL Asset/ IENC | Dr/Cr | Profit Earned Not Collected | CCY | Equivalent Bill amount in the accrual currency. |
Advices
None
Parent topic: ACCR: Profit Accrual