We have noticed that two cases as under:
1. In one cases, for an inventory transfer transaction, one warehouse have been credited correctly but counter warehouse has been debited with split quantity and one qnty have not carried any balance but other qnty has carried correct value. However, in transaction journal there is no mistake. When the material issued from the transferee warehouse, issue has been with correct value. This has resulted in negative value in Inventory Audit report with ZERO inventory qnty. IN THIS CASE VALUATION METHOD IS FIFO
2. In other case, material has been revalued and issues after revaluation has been made with revised value. But after some correct issues, material has been issued at previous rates. this has resulted in negative value in Inventory Audit report with ZERO inventory qnty. IN THIS CASE VALUATION METHOD IS STANDARD.
RAJIV