Hi,
Say only material for simplicity sake.
Goods issued against production order $1000 and goods receipt against production order $900.
During goods issue
Dr consumption $1000
Cr raw material $1000
1 May I know GR is only happened during settlement of production order co88 or even before settlement? Why i ask is because of the variance. As i know variance only calculated during settlement.
2 May i know what is the double entry during settlement if GI $1000 and GR $900
Thanks