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Former Member
Apr 28, 2008 at 11:33 AM

FREE OF COST -

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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