Answer / mohammad kamal siddique

Under Costing tab, if u unchecked "inventory asset value"
attribute it becomes expense item and if checked it becomes
asset type item.

Answer / sami mohamed

Well, it should much clearer.

Inventory Item: You should check inventoru asset value
to reflect the costing.

Expense item: Uncheck the inventory asset value under
costing tab

Fix Asset Item: Uncheck the inventory asset value undre
costing tab

Also, Under Purchasing Account, in the expense account
field, enter fix asset clearing Account.

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