Price Difference and Revaluation Accounts
Please tell me that, when system will hit Price Difference Accounts and Revaluation Accounts???
Chandrasekaran Anantharaman replied
Please note that price difference would happen on the following
1) If there is a difference between your PO and Invoice price, because GR/IR posting would always happen on PO price only, when you do the invoice verification and there is a differnce, system would post to the price difference to the extent of stock cosnumed ( if you have stock then system would post to inventory account)
2) regarding revlauation account, when there is difference in your Standard cost estimate with previous month, system posts the difference between current SCE and previous month SCE on the stock.
3) I am not sure, when you do a material to material transfer also system may post to price difference.