Skip to Content
0
Former Member
Dec 07, 2009 at 11:32 AM

WIP and Settlement FINANCE ENTRIES

29 Views

I have created a production order for 1000 Qty in Oct '09. I have done total consumption of Rs.5000/- in the month of Oct. I made 10000/-worth of GR in OCT. My october wip is 50000-10000=40000

I have done one more GR for a value of Rs.15,000/- in the month of November.

What will be the FI entries for settlement and WIP for the months of October and November.