price difference entries

[Former Member]

HI,

Masters,

can anybody please clarify my doubt in price difference entries in FI-MM integration , i have some doubt how the entries will get affected

Please don'nt say like search the threads and don'nt give the links also,

today itself i have the interview.

Please , if possible explain with detaild

pleaee help me

Thanks in advance

[Former Member]

Dear Kavya,

Basically there are 3 Senarios regarding Price difference

1. If the Mateiral is Available (not sent for Consumption)

GR/IR clearing raw material.......Dr

Inv. Raw material local...............Dr

To party

2. If the Material is Partial Availabel (Partial Sent for Consumption)

GR/IR clearing raw material.......Dr

Inv. Raw material local...............Dr

Price Difference A/C..................Dr

To party

3. If fully consmed before the invoice (its rarely heppend)

GR/IR clearing raw material.......Dr

Price Difference A/C.................Dr

To party

Revert back if any clarification

Regards