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Nov 30, 2008 at 03:03 PM

Interplant stock transfer - plant to plant - profit and loss accounting

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Hello all,

Scenario

i) We have Plant-A and Plant-B under the same company and in the same premise . No Excise Formality is required for any Material transaction hapeening between the two Plants .

ii) Material A is manufactured in Plant A ( at Rs 100). and transfered to Plant B at Rs 150

iii) So Rs 50 should be accounted as profit in Plant-A .

iv) Plant-B Inventory gets increased by Rs 150 .

v) Matl A is produced in house. and maintained in Mov Avg price. based on the inputs used to manufacture matl A in plant A, the price changes and has to be updated in master.

Please suggest the solution

Thanks in Advance