F-53

[Former Member]

Can some body tell me, what is the exact accounting entry passed when F-53 transaction is used.

rgds

Anuradha Ambekar

[Former Member · Accepted solution]

Hi Anuradha

The entry will be the Vendor account DR and Bank account CR.

Thanks

Ashok

Assign points for useful answer

[Former Member]

Do you mean to say that if we are using APP then Transaction F-53 is not to be used??

Thanks to both of you . Points assigned.

Anuradha

[Former Member]

Dear Anuradha Ambekar

in the system there are three method for vendor payment

1-F110 Auto Payment

2-f-53 Payment with No check print out

3-f-58 payment with check print out

F-53 can be used for manual check print out

Thanks

[Former Member]

Following Entry Will be passed

1-Vendor A/c Dr

Bank Clearing Account Cr

or

2-Vendor A/c Dr

Bank Account Cr

It depend on your configuration, if you are using Bank Clearing account then first entry will passed other wise second

Thanks