WHAT ACCOUNTS ARE UPDATED WHEN U DO PGI
Answers were Sorted based on User's Feedback
Answer / vaibhav
When you do PGI...
FG Inventory Account gets Credited
and COGS (cost of goods) Account gets Debited
Is This Answer Correct ? | 4 Yes | 0 No |
Answer / shriya
when we do pgi three things takes palce
1. The stock is reduced from the storage location or
storage bin
2. The G/L account gets updated where by the valuation
class of the materila is alos updated .
3. Profit center is updated .
4. Sales document is updated .
So when PGI IS DONE from MM POINT OF VIEW Valuation of
material takes palce and from SD Point of view G/ L
account and profit center updation takes palce
Is This Answer Correct ? | 5 Yes | 2 No |
Answer / sachin
In G/L Acc "Cost of the goods sold" will be updated
Is This Answer Correct ? | 3 Yes | 0 No |
Answer / nand6353
1.Stock Update
2.Inventory A/c document generate
A/c enteries:- cost of goods sold A/c ----Dr.
To Inventory A/c------------Cr.
3.It updates in document flow
4.It updates in credit mgt.
5.It update in billing due list
6.It update in LIS
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / srinivas
when u do the PGI
the document flow will be updated
inventory mgmt updated
stock will be reduced from the plant or what ever it may be
Is This Answer Correct ? | 0 Yes | 1 No |
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