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Feb 19, 2009 at 11:04 AM

Stock Updation

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Hi! Gurus,

I created a material with moving average price and raised PO for 1 Qty @ 10 and Received Goods Receipt 1@10 and at the time of Invoice I posted 1 qty @ 12.

The difference amount 2 should have been debited to stock account instead difference amount 2 is going to Price Difference Account.

The correct entry should have been for Moving Average Price (V)

GR/IR 10 Dr

Stock 2 Dr

Vendor 12 Cr

The entry I got which is wrong.

GR/IR 10 Dr

Price Diff 2 Dr

Vendor 12 Cr

Could someone of you assist me in this regards.

Best Regards

Surya