Dear all,
I have one serious problem in my project. In purchase the Vendor is giving some schemes like FREE OF COST. ie If we buy 10 items supplier is giving 1 item as Free of Cost. The issue is our client wants the Accounting Entries for the 10 items is as per SAP B 1 Accounting method.
Where as for the Free of Cost item the Accounting Posting Entries as follows;
1. Free of Cost Purchase A/c Dr. xxxxxxx
Discount Receipt A/c Cr. xxxxxxx
Closing Stock A/c Dr. xxxxxxx
Stock in Trade A/c Cr. xxxxxxx
Please help me out to overcome from this scenario.
thanks in advance.
Rajesh
Edited by: Philip Eller on May 16, 2008 9:05 AM