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Former Member
Apr 22, 2010 at 06:13 AM

COGS Vs Local Sale

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Hi All,

While checkin a few delivery documents and their corresponding invoices, i am having a few doubts in the JE passed by the system.

Delivery:

Cogs---> 668043 Dr

To FG----> 668043

A/R

customer--> 753120 Dr

To Vat Payable---> 14767

To Local Sale----> 738353

Just wanted to know, why there is this difference between COGS and Local sale. I know COGS entry is based on the item cost, wanted to know how the system takes the calculation of local sale because when i compare the value of COGS from 01-04-09 to 31-03-10 with that of local sale, there a huge difference. Please assist to clarify the doubt.

Thanks,

Joseph