Does Gl Support Accrual Or Cash System Of Accounting?

1.	Does Gl Support Accrual Or Cash System Of Accounting?
Answer» GL is a CENTRAL repository and all the journal ENTRIES from sub‐ledger flow to GL. And there is no option to specify which method of accounting is allowed. So, such an option is available only at sub‐ledger level; at GL level, users are free to entry EITHER TYPE of entries. Hence, we can say that GL supports both methods of accounting. GL is a central repository and all the journal entries from sub‐ledger flow to GL. And there is no option to specify which method of accounting is allowed. So, such an option is available only at sub‐ledger level; at GL level, users are free to entry either type of entries. Hence, we can say that GL supports both methods of accounting.

Answer»

GL is a CENTRAL repository and all the journal ENTRIES from sub‐ledger flow to GL. And there is no option to specify which method of accounting is allowed. So, such an option is available only at sub‐ledger level; at GL level, users are free to entry EITHER TYPE of entries. Hence, we can say that GL supports both methods of accounting.

GL is a central repository and all the journal entries from sub‐ledger flow to GL. And there is no option to specify which method of accounting is allowed. So, such an option is available only at sub‐ledger level; at GL level, users are free to entry either type of entries. Hence, we can say that GL supports both methods of accounting.

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