Skip to Content
author's profile photo Former Member
Former Member

Stock transport order

What are the account postings which occur while doing stock transport order?

How it differs from the account postings of standard purchase order?

Add a comment
10|10000 characters needed characters exceeded

Related questions

2 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Dec 03, 2007 at 05:09 PM

    Nothing different except that performing a goods issue w/ref STO will result in acct postings and none during GR, while in a standard PO, account postings are done during the time of GR . In teh former, the stock account is credited , while its the GR/Ir in teh latter

    Add a comment
    10|10000 characters needed characters exceeded

  • author's profile photo Former Member
    Former Member
    Posted on Dec 04, 2007 at 02:24 PM

    Kumar,

    When you transfer stock using a STO, you are withdrawing stock from one plant, Thus your qty reduces and credit increases as you are accounting for the withdrawn stock. THus the STOCK/Inventory acct in this plant is credited.

    Credit and Debit have to go hand in hand, so once you credit the stock acct. the GR/IR acct is Debited.

    When you receive stock in to the other plant, GR/IR acct is credited (now) and the Stock acct of the receiving plant is Debited or charged for the items that you just procured.

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.