Discounted Drafts with Contingent Liability
This table lists the journal entries that the system creates for discounted drafts with contingent liability:
Draft Status |
JE Doc Type |
Field |
AAI Used |
Account Debited |
Account Credited |
|---|---|---|---|---|---|
Acceptance (4) |
R1 |
AID2 |
RD1x |
Drafts Receivable |
|
Acceptance (4) |
AE |
AID |
N/A The system updates the field from the invoice paid |
A/R Trade |
|
Remittance (2) |
R2 |
AID2 |
RD3x |
Drafts Remitted for Discount |
|
Remittance (2) |
R1 |
AID2 from Acceptance record |
RD1x |
Drafts Receivable |
|
Remittance (2) |
RC Note: The document type might be RK depending on the journal entry creation method. |
GLBA |
RB or processing option for R03B672 |
G/L Bank |
|
Remittance (2) |
R2 |
AID2 |
RD4x |
Drafts Contingent Liability |
|
Collection (1) |
R2 |
AID2 |
RD4x |
Drafts Contingent Liability |
|
Collection (1) |
R2 |
AID2 from Remittance record |
RD3x |
Drafts Remitted for Discount |