account posting

[Former Member]

Hi all,

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.

Shreek

[dominic_holdstock · Accepted solution]

Hi,

Case 1 Goods receipt Stock 100 Dr

IR/GR 75 Cr

Price diff 25 Cr

Invoice IR/GR 75 Dr.

Price Diff 5 Dr

Vendor 80 Cr.

Case 2

Goods Receipt Stock 75 Dr.

IR/GR 75 Cr

Invoice Vendor 80cr

IR/GR 75 Dr

Stock 5Dr (If at time of invoice posting the in stock Qty is less than 100 , then pro rata the PRD account will be posted)

Kind regards

[Former Member]

HI,

If the Price is Standard , the balance amount triggred the PRD account

If the Price is moving average price the balance amount goes to material caost.

Regards,

Andra

[Former Member]

at the time og GR standard price --

1) stock account will be debite by 100 * 1

2)GR/IR Clearing account will be credited by 100*.75

3)Expenditure from Price difference account will be credited 100*(1-.75 )

at the time of IR standard price --

1)GR/Ir Clearing account will be debited by 100*.75

2)Vendor account will be credited by 100*.8

3)Income from price difference will be debited by 100*(.8-.75)

At the time of GR MVP --

1)Stock account will be debited by 100*.75

2)GR/IR Clearing account will be credited by 100*.75

At the time of invoice MVP--

1))GR/IR Clearing account will be debited by 100*.75

2)Vendor account will be credited by 100*.8

3)Stock account will be debited by 100*(.8-.75)

regards,

Anupam

[Former Member]

Price differnce is posted in PRED - Cost (price) differences check in OBYC

Account modifiers for PRD

None for goods and invoice receipts against purchase orders

PRF for goods receipts against production orders and

order settlement

PRA for goods issues and other movements

PRU for transfer postings (price differences in the case

of external amounts)

[Former Member]

Thanks for your quick reply. for time being i dont want to go in too technical as you have mentioned about posting keys.

I just want to know the basic account postings in above situation. like if material is valuated at moving average price of 1, stock account will be +5. I could not figure out, how will be the account posting if material is at standard price 1. plz clarify

Thanks in advance

Shreek