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pgi and billing

Former Member
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dear all,

1 may i know why posting pgi time, goods issue account debited and inventory is credited. i would like to know why goods issue and not debit cogs?

2 why billing time cogs only updated in copa but not during pgi?

thanks

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Answers (1)

jpfriends079
Active Contributor
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>1 may i know why posting pgi time, goods issue account debited and inventory is credited. i would like to know why goods issue and not debit cogs

Cost of goods sold Debit u2013 GBB-VAX - This will reflect in P & L A/c Debit side

Inventory of Finished goods(Stock A/c) Credit- BSX - This will reflect on Assets side of balance sheet

>2 why billing time cogs only updated in copa but not during pgi?

At delivery, only deferred revenue is booked, whereas at invoice, direct revenue are posted and so as Profitability & Cost.

Thanks & Regards

JP