Hi. What are the accounting entries will happen after
PGI.Thanks ..
Answers were Sorted based on User's Feedback
Answer / balaji
COGS(Cost Of Goods Sold)---- Dr
Stock ---------------------- Cr
Is This Answer Correct ? | 7 Yes | 4 No |
Answer / chandra mouli a
1) stock will be reduced inventoy account will be updated
2) cost of goods sold account will be updated
3) account doc (WL doc type) will be created
4) Delivery doc will be find in billing due list
5) Customer sales data will be updated
6) document flow will be updated
Is This Answer Correct ? | 3 Yes | 0 No |
Answer / neeraj
AFTER PGI -->
COGS -DR
IN A/C - CR
FLOW-->
INVENTORY - REDUCED
DL DOC- SHOWS IN VF04
OTC PROCESS FLOW-->
ORDER--> BEING PROCESS
DELIVERY--> COMPLETED
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / manoj kumar guin
Cost of goods(COGS) A/C will be debited.
Revenue account will be credited.
Thanks & Regards,
Manoj Kumar Guin
(9176591455)
Is This Answer Correct ? | 1 Yes | 1 No |
Answer / ashraf
Goods Sent A/c…………………………..Dr
Cash Received A/C………………………Dr
To Customer A/c
Is This Answer Correct ? | 0 Yes | 2 No |
Answer / guest
The G/L account gets updated where by the valuation
class of the material is also updated .
Is This Answer Correct ? | 0 Yes | 8 No |
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