Can you please help me with the following,
The initial Stock of a material is 200 pieces. There is a purchase order for 100 pieces at Rs. 0.75. The 100 pieces are received. An invoice is received for 100 pieces at Rs 0.80 per piece. what will be the account posting at GR and IR
In two situation if (1) material is valuated at standard price 1
(2) material is valuated at moving average price of 1
Also, can you please tell me if the Price Difference a/c get posted at the time of Goods receipt.
Thanks in advance.