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Former Member
Oct 23, 2009 at 06:56 AM

Accounting entry for 'V' price materials

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Hi,

I know that for Finished and Semi Finished we use 'S' - Standard price and 'V' for Raw materials.

When new cost updated to the existing finished materials at that time price difference account will come into picture, if any price change occurs.

But if we mainated 'V' for Semi finished and finished, if any cost updated and price changes, what will be the accountiny entry.

Thanks

Sateesh