What Do You Understand By Contract Account ?

1.	What Do You Understand By Contract Account ?
Answer» Account in which POSTING data for contracts or contract ITEMS are processed for which the same collection/payment agreements apply. Contract ACCOUNTS are MANAGED on an open item basis within contract accounts receivable/payable. Account in which posting data for contracts or contract items are processed for which the same collection/payment agreements apply. Contract accounts are managed on an open item basis within contract accounts receivable/payable.

Answer»

Account in which POSTING data for contracts or contract ITEMS are processed for which the same collection/payment agreements apply. Contract ACCOUNTS are MANAGED on an open item basis within contract accounts receivable/payable.

Account in which posting data for contracts or contract items are processed for which the same collection/payment agreements apply. Contract accounts are managed on an open item basis within contract accounts receivable/payable.

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What Do You Understand By Contract Account ?

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