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Former Member
Feb 19, 2012 at 09:13 AM

Goods Issue J.E

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Hi

In expense account i have Cost of Goods Sold Account . I don't have Cost Centre . With reference to the below link :-

http://wiki.sdn.sap.com/wiki/display/ERPFI/InventoryAccountingJournal+Entries

When the Goods are issued to a Cost Center or charged off against expenses the following transactions takes place:

Repairs and Maintenance - Dr

Inventory A/c - Cr

From above example I should have this scenario

Stock Account -


Cr

Cost Of Goods Sold -


Dr .

Or in place of Cost of Goods Sold i should have another Expense account

Currently it is debiting/Crediting both Stock Account which i think is wrong.

Thanx