if purchase order is 1200 and we received GR for 1000.what
are the entries and what about the remaining goods 200.
Answer Posted / naveen kumar.karumuri
HERE PURCHASE ORDER IS -1200
GOODS RECD-1000
DIFFRENCE-200
ENTRY FOR THE,
DR-STOCK-1000-BSX
CR-GR/IR A/C-1000-WRX
DR DIFFERENCE PRICE-200-PRD
HERE DIFFERENCE IS TRANSFER FROM THE PROFIT AND LOSS A/C
Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
What is a document type? : fi- general ledger
what is drilldown reports? tell me about characteristics & key figures.
How is account type connected to document type? : fi- general ledger accounting
Explain financial closing? : fi- general ledger master data
What is an operating chart of accounts?
While defining chart of account, there is field "manual creation of cost element" and "automatic creation of cost element", what is it?
What are fiscal year variants and how are fiscal periods opened and closed?
Explain the architecture of firstlogic’s global data quality connector for sap systems?
In gl master, we have a option “balance in local currency” and “account currency”. What does it mean?
Why does the system not calculate variance for the 500 kgs which has been delivered?
What are substitutions and validations? What is the precedent?
what is the configuration steps of cash flow statement?
Tell me more about a shortened fiscal year.
What is the trading partner concept? : fi- accounts receivable
What is year dependent fiscal year variant?