Which transaction will have a GL Impact on Accounts Payable?
Which transaction will have a GL Impact on Accounts Payable?
An open bill with a payment hold will have a GL impact on accounts payable because once a bill is recorded, it increases the liability in the accounts payable account, even if it's on hold for payment. The accounts payable shows the amount the company owes to its vendors. The other options do not result in an actual liability being created or canceled in the general ledger. Purchase orders are non-posting transactions and a cancelled bill negates any previously recorded impact.
The correct answer is C. Open Bill with Payment Hold. When a bill is entered and saved with a payment hold status, it will have a GL impact on the accounts payable account. The other options do not have a direct impact on the accounts payable account.
A&D are incorrect Purchase orders are non-posting transactions. They do not post an amount to your ledger accounts. https://docs.oracle.com/en/cloud/saas/netsuite/ns-online-help/section_N1461991.html#Vendor%2FPurchase-Transaction-GL-Impact Open Vendor Bills increases the money you are due to pay out. The bill posts this as a $ increase in the Accounts Payable account.