Physical inventory Doc. G/L assignment

[Former Member]

Dear Experts,

Whenever I am Running the physical inventory transaction the entry of the accounting doc is going like,

250001 RM&Bought out comp 4,282.362-

410001 RM Consumption 4,282.362

Is it the correct entry or Insted of consumption account it should go to the Gain/Loss Account??

Regards,

Mehul

[Former Member · Accepted solution]

Hi,

Yes, the correct entry or Insted of consumption account it should go to the Gain/Loss Account.

But the names are given by FI persons. you may check with your local FI consultant to change the decsription of particular G/L ac.

regards