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author's profile photo Former Member
Former Member

Moment type related to P & L

Hi Guys,

Can any one tell me all the Movement type which hits directly to Profit and Loss Account.

In current Business we have Goods Sale, Purchase, Consumption no scarping.

Regards,

Ashish

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2 Answers

  • Posted on Oct 13, 2006 at 12:05 PM

    Hi,

    sales and consumption hit P&L

    puchase only, wehn they are directly consumed but not when they are additions to stock

    Andreas

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  • author's profile photo Former Member
    Former Member
    Posted on Oct 16, 2006 at 03:15 PM

    In the following cases it hits Profit and Loss accounts.

    1) GR for account assigned Purchase orders it may hit Profit and Loss accounts.

    2) If there is revaluation of the material price is done

    3) When a material stock is scrapped

    4) When transfer posting is done from material to material (When material subject to Price control “S “ and the material valuated in different plant with different price control)

    Hope it helps.

    Cheers!!!

    Umakanth

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