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Former Member
Jul 17, 2008 at 05:27 AM

regarding: Purchase ledger posting

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Hi All,

When an GRPO is posted then the stock accnt is debited and the allocation cost account is credited. When succesievly the A/p Invoice is ceated the Alocation cost account is debited and the Vendor account credited. Now if the PL statement is generated the allocation cost is 0 balance. My client makes three entries on purchase- Purchase local, Purchase 3%, Purchase 4%. Now as it happens in sales, there is a sales revenue account where a seperate posting is made which can be seen in the ledger.and the total sale value can be seen.

Can this be done in purchase. how??

Three purchase account= Purchase local, Purchase 3%, Purchase 4%.