on 08-05-2010 11:58 AM
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
>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
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