at the time of goods receipt the rate of the material is
1000 and at the time of invoice verificaiton the material
price is 1200 what journal entries are generated at both
scenario's
- 2 Answers
- 5748 Views
- L&T, I also Faced
- E-Mail Answers
Answer Posted / madhura
At the time of Goods receipts
1)Matarial/ Goods a/c Dr (1000x qty)
To GRIR a/c.....CR
At the time of Invoice verification
GRIR............(1000x qty).... DR
Price Differnce /above material a/c ...DR (200X qty)
TO Vendor A/c (1200Xqty)
| Is This Answer Correct ? | 7 Yes | 0 No |
Post New Answer View All Answers
What are the segments in asset master ? : fi- asset accounting
How can you manually clear open items? When? : fi- general ledger master data
Explain the document currency (wrbtr) and local currency fields (debt) when posting a document in sap fi?
what is child order
what happens, in sap, when you post a goods receipt? : fi- accounts payable
what is difference apportionment of costs, overhead expenses and how do they differ
What are the options available while performing revaluation in an actual costing run?
Differentiate manual check deposit from electronic check deposit? : fi- general ledger
What is a noted item? : fi- accounts payable
What is credit control area in sap?
Describe the reconciliation ledger? : co- cost center accounting
How do you manage the credit limit for the customer in fi?
Explain the process of profitability analysis in sap co system co-pa? What is the use of co-pa? : cost center accounting
open item mgt a/c are all the balance sheet a/c but all balance sheet a/c are not are all openitem mgt plz explain? plz send the mail id rddy786@gmail.com
Differentiate free offsetting entry from a statistical posting? : fi- accounts payable
