What is customer master record?, Accounting Basics

A Customer Master Record is a permanent record that haves key information about a business partner or a material. This information must be entered into the system before any transactions can take place involving the business partner [customer] or a material. Master Records can be edited or altered when necessary. Changing master records is frequently known as "Maintaining" in SAP

 

Posted Date: 3/30/2013 5:03:05 AM | Location : United States







Related Discussions:- What is customer master record?, Assignment Help, Ask Question on What is customer master record?, Get Answer, Expert's Help, What is customer master record? Discussions

Write discussion on What is customer master record?
Your posts are moderated
Related Questions
Determine about the revenue section Revenue section provides a figure for net sales, which is balance of the Sales account, less the balances of contra sales accounts. (Sales -

Oil production has been proposed for an area along the coast off Southern California. Oil production would jeopardize the use of beaches along 10 miles of coast which are a major v

Compute each of the following amounts Company reported current assets of $80,000, non-current assets of $350,000, current liabilites of $32,000 and long term liabilities of $120,00

Q. Explain business entity concept? Suppose for instance that you own two businesses 1) a physical fitness centre and 2) a horse stable. As per to the business entity concept y

“Ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account.”


The 31st December 2009 trial balance of Anika Co. reported the following information. Dr. Cr. Allowance for Bad Debts........................... $2,300 During the year 2010 t

The conventions and rules of accounting are commonly termed as the conceptual framework of accounting. Along with any discipline or body of knowledge, several underlying theoretica

A bond sinking fund investment is started on January 5, 2010, by transferring $10,000 in cash to the fund. This $10,000 is invested and earns $1,100 during 2010. The entry to rec

Q. Recording changes in revenues and expenses? Examine that Notes Payable, liabilities and increase with an entry on the right (credit) side of the account. Recording changes i