1. Islamic Bills and Collections User Guide
  2. Suggested Accounting Entries and Advices for Islamic Bills
  3. Accounting Roles for transfer of Charge & Commission Components from LC to BC

11.2.23 Accounting Roles for transfer of Charge & Commission Components from LC to BC

Here, LC_COMM component and LC_CHG component are defined in the LC product where the Collect LC Commission in Bills option is checked.

Table 11-175 Accounting Roles

Sl No Accounting Role Description
1 LC_CHG_COMP_RECV LC Charges Receivable
2 LC_COMM_COMPRECV LC Commission Receivable.
3 BC_LC__CHG_COMP_RECV BC Charges Receivable from LC
4 BC_LC_COMM_COMPRECV BC Commission Receivable from BC

Parent topic: Suggested Accounting Entries and Advices for Islamic Bills