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Former Member
Mar 26, 2009 at 11:52 AM

wip settlement

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hi all

my doubt is suppose one FG(Finished good) is started in this month. so this process will be complete in next month.In this month end i have settled WIP to G/L accounts.

in the next month after i received the finished goods, do i have to do reverse work in process for this FG to get the zero balance of work in process account.

thanks.