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Former Member
Jun 04, 2008 at 05:37 AM

Module integration

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hello,

I want to know the accounting entry of finished goods after pp:

the following entries are-

1. On completion of production confirmation the following entry is passed

Finished goods stock A/c Dr

Cost of goods produced Cr

2. Settlement to production orders for variances will pass the following accounting entry

Price Diff / Variance A/c Dr / Cr

Cost of goods produced A/c

Cr / Dr

3. At the time of issue of finished goods against the sale order, the following entry is passed

Cost of goods sold A/c Dr

Finished goods stock A/c Cr

this is correct but i want know the entry passes before point no.3 ie

if COGS a/c is debit then at what time it was credited.

urgent

points will be given