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What is PO rate variance Gain/Loss
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Answer / saritha
this account is used to record exchange rate variance
gain/loss for your inventory items.this variance is
calculated between the invoice and either the purchase
order or the receipt, depending on how you matched the
invoice.
| Is This Answer Correct ? | 14 Yes | 4 No |
Answer / swarna latha
Purchase price variance is the difference between the
standard price defined in the item and the price given in
the Purchase order.
| Is This Answer Correct ? | 8 Yes | 5 No |
Answer / kanaiya sindhavad
Payables uses these accounts to record the exchange rate
variance gains/losses for your inventory items. The
variance is calculated between the invoice and either the
purchase order or the receipt, depending on how you matched
the invoice. These accounts are not used to record
variances for your expense items.
Any exchange rate variance for your expense items is
recorded to the charge account of the purchase order.
Payables calculates these amounts during Payables Invoice
Validation.
| Is This Answer Correct ? | 7 Yes | 5 No |
Answer / nageswararao
po rate variance gain/loss is differece between purchase
order date rate and invoice date rate.
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / naidu
It's the difference between the rate when po raised and when it came for payment.
| Is This Answer Correct ? | 2 Yes | 3 No |
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