on 11-07-2007 4:26 PM
Hi,
Can any one explain what will be the effect of Costing Sheet on Financial Statement.
Thanks
Sivaram
Costing sheet enables transfer of costs from cost center to prodcution orders (or other receiving CO objects) which is internal. By costing sheet alone, no direct impact on FS.
However, when the order carries out the period end activities of settlement, this would affect as balance sheet related inventory accounts gets affected.
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