Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What is the difference between invoice price variance and
purchase price variance?

Answer Posted / nagendra

For purchased items, if the standard cost differs from the
actual purchase price, you have a purchase price variance
(PPV).
Variance are Difference between the PO Price and Invoice
Price i.e
IPV - Inv Qty*(INV Price - PO Price )*Inv Rate

Is This Answer Correct ?    10 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is the difference between before pages trigger and after parameter trigger in reports ?

2340


What is the procedure for requition import?

2293


How do write a discoverer report to identify zero dollar suppliers/invoices where the supplier is on hold?

2652


What are register in India localisation?

1960


How do u bridge the gaps in functional understanding of AP,GL,FA. explain with some live examples.

2500


What is the Process of Reconciliation Between AP to GL

1602


Can I do a payment of 50 bills on a post date. If yes, then how?

1715


difference between primary ledger and secondary ledger in r12

1474


What kind of necessary ap information you gather from the client?

1031


difference between 11i&r12

1829


Do you track and record relationships between customers e.g. franchises, subsidiaries etc.?

2055


I have created an invoice and made the payment in Accounts payable. Now the payment status is Negotiable and accounting status is processed. I reconciled the transaction in Cash Mgmt, The status changed from negotiable to Reconciled in CM. I checked the payment status for the invoice in payment window(AP), the payment status changed to RECONCILED UNACCOUNTED i.e correct but the accounting status is remain processed which is not the correct. I hope the transaction will be correct if the accounting status would have changed to PERTIAL . Please suggest any solution for the above query.

5224


What do you mean by Category Set ? and what is its Relevance ?

2350


What is gap analysis, what are the pre-requisities?

1196


HI, once we create the standard invoice then we can get journal entry item expense a/c-dr to liability a.c then item it will reflect through inventory, but liability a/c . it will reflect from GL , it is possible .

1904