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Former Member
May 06, 2010 at 04:16 PM

INVENTORY REVALUATION

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HI

VALUATION METHOD: MOVING AVERAGE

GL DETERMINED BY ITEM GROUP AND TRIED INVENTORY REVALUATION FOR CERTAIN ITEMS. NEW COST GIVEN AND GL INCREASE AND DECREASE ACCOUNT MENTIONED SEPARATELY AS BELOW IN THE ITEM GROUP LEVEL

ENTRY IS ALSO POSTING BUT IT IS DEBITING THE SAME STOCK ACCOUNT AND CREDITING THE SAME STOCK ACCOUNT.

FOR EX: ITEM001 - CURRENT COST -1OO NEW COST-200 QTY -10 GL INCREASE AC - STOCK1 ACCOUNT AND GL DECREASE A/C - EXP1 ACCOUNT

JV TO BE POSTED : STOCK1 ACCOUNT DR - 2000, EXP1 ACCOUNT CR-2000

BUT POSTING HAPPENING IS STOCK1 ACCOUNT DR - 2000, STOCK1 ACCOUNT CR-2000

WHERE IS THE ISSUE, HOW TO SOLVE THIS

REGARDS

SUNDARAM