BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Value Date
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Entry Date
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Postin Date
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Goods Receipt Date
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Document Date
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Detailed explanation-1: -You may choose as default either the posting date, document date, entry date or no default date. Do remember you can override the default value of baseline date.
Detailed explanation-2: -The SAP baseline date is January 10. The system sets this automatically because the document date has been set as the default baseline date for invoices in the payment term customizing .
Detailed explanation-3: -Definition. Date from which the terms of payment apply. The baseline date for payment is the basis for determining the permitted cash discount amount or when an invoice is due.
Detailed explanation-4: -SAP Baseline date: The date to which the payment terms are applied to calculate the effective due date (see above). For example, if the payment term is Net30 (that is, net due in 30 days), the SAP due date is calculated by adding 30 days to the baseline date.