Example of Primary and Secondary Clearing Accounts Reconciliation for Oracle Payables Asset Additions
This example shows sample accounting entries for asset additions from Payables invoices.
This example uses the following currencies:
- Primary ledger currency: CAD
- Secondary ledger currency: USD
- Entered currency: EUR
Primary Ledger Journal Entries:
Account | Debit (Entered -EUR) | Credit (Entered -EUR) | Debit (Accounted - CAD | Credit (Accounted - CAD |
---|---|---|---|---|
Cost Clearing | 1000.00 | 1563.45 | ||
Liability | 1000.00 | 1563.45 |
Account | Debit (Accounted - CAD) | Credit (Accounted - CAD) |
---|---|---|
Cost | 1563.45 | |
Cost Clearing | 1563.45 |
Secondary Ledger Journal Entries:
Account | Debit (Entered -EUR) | Credit (Entered -EUR) | Debit (Accounted - USD) | Credit (Accounted - USD) |
---|---|---|---|---|
Cost Clearing | 1000.00 | 1420.70 | ||
Liability | 1000.00 | 1420.70 |
Account | Debit (Accounted - USD) | Credit (Accounted - USD) |
---|---|---|
Cost | 1420.70 | |
Cost Clearing | 1420.70 |