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What is Standard Hierarchy and How it is related to Profit
Center?
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Answer Posted / muthuraj
Standard Hierarchy is the top node of the group company.
We can create all company's profit center under this
hierarchy. We can compare company's profit center analysis
report. Each profit center linked with the Standard
hierarchy, otherwise we can not call the individual profit
center at the time.
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What is the difference between asset accounting and asset class?
Hi all see the problem is, suppose i sold goods to customer 10 units @ 120 & my COGS (cost of goods sold) is 100 per unit . After that he told me your quality is not good ok & u r charging high 4 that i will pay you only 110 rs for that otherwise i will return ur goods. After that i made 1 credit memo 4 that of rs 10 ok. now the issue is it is also affecting the COGS but it has to remain same And will effect at profit & my profit must be reduced from 20 rs per unit to 10rs per unit & COGS must remain constant i.e is 100 rs
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