Production order created and consumption of Rs.50000/- in the month of Oct. I made 10000/-worth of GR in Oct. My october wip is 50000-10000=40000
WIP for October will be
WIP(Balance sheet) Debit 40000
WIP(P&L) Credit 40000
1 What tcode to do this posting?
2 May I know what is the purpose of the WIP p&l account which is credited? How will it impact the profit and loss? Is it just an adjustment account?