BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Cleared items contain which of the following pieces of information? Cleared items contain the clearing document number and the clearing date.

Detailed explanation-2: -Definition. Posting to a contract account when the posting represents a no longer existing receivable or payable. A cleared item is produced when an open item is cleared by an accounting transaction such as a payment or reversal.

Detailed explanation-3: -Definition. Document that is generated automatically for each company code involved in clearing. The clearing document is created in the following cases: For zero clearing. After the clearing program has run.

Detailed explanation-4: -Noted items. Statistical postings and special G/L transactions of the type bill of exchange. Items with withholding tax postings. Down payments, unless down payment clearing for the same amount has been posted.

Detailed explanation-5: -Using the posting with clearing function, you enter document line items and then select the open items to be cleared. Once all the prerequisites for clearing are fulfilled, the system clears the open items. The system generates one or more offsetting postings for the open items to be cleared.