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Apr 26, 2011 at 10:41 AM

Accounting effect for Gain / Loss while doing sale of material


Dear All,

We are planning to implement one of the our company in SAP which is in Shipping business.

One scenarios is below mentioned :

Ex. We are having Fuel stock of 1000 Ltrs * 10 Rs (MAP) = 10,000 Rs (Inventory Value)

Now we wanted to sale out the same inventory to customer at the rate of 15 Rs/Ltr.

So, valuation would be 1000* 15 Rs / Ltr = 15,000 Rs.

Now we wanted to book Rs 5000 as gain during selling and accounting entry should be below one (It can be the same scenario if we are selling same fuel at rate below Rs 10/ Ltr and we will be having loss):

Customer A/c Dr 15,000

To Sale of Material A/C 10,000

To Gain/Loss A/C 5,000

Pls let me know I should I map the same in SAP SD and FI integration point of view?


Taral Patel