cancel
Showing results for 
Search instead for 
Did you mean: 

in migo, post to loss acc.

Former Member
0 Kudos

Hi All

is it possible in migo screen to post like this.

Total PO Value Is : Rs: 100 for Qty:100 , So each Rs:1.00

Stock Acc: Rs:95

GR/IR Acc: Rs:100

Any loss Acc: Rs:5

Regards

Manju

Accepted Solutions (0)

Answers (3)

Answers (3)

Former Member
0 Kudos

k

Former Member
0 Kudos

Hi,

Condition mention by u is possible.It totally depends upon how price control is maintained for the article.

If it is S(Standard) and price is maintained as 9.5 in master then ur condition comes into the picture.

And the loss is booked into price diff account(Expense account).

If price control is V(Moving average price) the it books PO price to stock account.

Hope this clears ur doubt.

Regards

AM.

Former Member
0 Kudos

Hi,

If the price control in material master is maintained as moving average price, material will be valuated based on the PO price i.e Rs.100/- The account posting during GR is :

Debit - stock account- 100

Credit - GRIR - 100

If the price control in material master is maintained as standard price as Rs.9.5/ each, material will be valuated based on the price i material master and not based on PO price Rs.100, The account posting during GR is :

Debit Stock account - 95 ( Rs.9.5 x 10 nos)

Debit - Price diff account - 5

Credit GRIR - 100

Please check

Regards

Ram