Please clarify the accounting entries

Hi all,
Please clarify the accounting entries.
At the final stage of production confirmation entry will be
inventory debit
change in stock finished goods credit
then at the time of sales while doing PGI accounting entry will be
cogs debit
inventory credit
This change in stock finished goods is having huge credit balance lying in g/l. 
how it will be considered in financials.  Is there any setting off for this balance with consumption.
Regards,
Deepak

Hi all,
Please clarify the accounting entries.
At the final stage of production confirmation entry will be
inventory debit
change in stock finished goods credit
then at the time of sales while doing PGI accounting entry will be
cogs debit
inventory credit
This change in stock finished goods is having huge credit balance lying in g/l.
how it will be considered in financials. Is there any setting off for this balance with consumption.
Regards,
Deepak

Similar Messages

  • This message could not be delivered because your SMTP settings are not set. Please use the Accounts Preferences panel to set the SMTP options for your account.

    I am not able to send out an email. I keep getting the following message: This message could not be delivered because your SMTP settings are not set. Please use the Accounts Preferences panel to set the SMTP options for your account. Can someone help me with this?

    We need some information, starting with the email provider (eg. Google, Yahoo, Bellsouth, etc)

  • Please clarify the following related to IACOR

    Dear Experts,
    Please clarify the following related to IACOR.
    1   For using workflow, IACOR service should be active in ITS? T or F
    2   Is sometimes IACOR activation is required to be done prior to publishing a service u2013 T/F
    Regards,
    Ramakrishna

    Closing this thread

  • Please clarify the following license issue

    Hello
    Please clarify the following license issue
    Oracle 10g se license requirement while using a power 6 P520 machine with 2-core 4.2 GHz processor card,4 memory DIMM slots. Are we entitled for paying for one oracle 10g SE license?
    many thanks in advance

    When you read through that thread, did you see where I linked to and quoted the licensing definitions
    Processor: shall be defined as all processors where the Oracle programs are installed and/or running. Programs licensed on a processor basis may be accessed by your internal users (including agents and contractors) and by your third party users. For the purpose of counting the number of processors which require licensing for a Sun UltraSPARC T1 processor with 4, 6 or 8 cores at 1.0 gigahertz or 8 cores at 1.2 gigahertz for only those servers specified on the Sun Server Table which can be accessed at http://oracle.com/contracts , “n” cores shall be determined by multiplying the total number of cores by a factor of .25. For the purposes of counting the number of processors which require licensing for AMD and Intel multicore chips, “n” cores shall be determined by multiplying the total number of cores by a factor of .50. For the purposes of counting the number of processors which require licensing for all hardware platforms not otherwise specified in this section, a multicore chip with "n" cores shall be determined by multiplying "n" cores by a factor of .75. All cores on all multicore chips for each licensed program for each factor listed below are to be aggregated before multiplying by the appropriate factor and all fractions of a number are to be rounded up to the next whole number. When licensing Oracle programs with Standard Edition One or Standard Edition in the product name, a processor is counted equivalent to a socket.
    It appears that you fall under the "not otherwise specified" category because you're not dealing with an UltraSPARC T1 (multiplier 0.25) or an AMD/ Intel chip (multiplier 0.5) so your multiplier would be 0.75.
    0.75 * 2 cores = 1.5 processors which would have to be rounded up to 2 processors. If you had 4 total cores, you would only need a 3 processor license.
    Justin

  • Balance with currency at the account entry moment

    I am trying to do a balance report similar to f.01 transaction report but in which you may choose the currency like filter and the currency valuations in the summarizations will be the valuation of the currency at the account entry moment.
    Do you know any balance transaction (or abap source code) that I may use, that apply that way to made the summarizations (in reference to currency use)?

    I have found the following temporary workaround until MS fix the underlying issue.
    Remove (or comment out) the following line from ApplicationInsights.config:
    <Add Type="Microsoft.ApplicationInsights.Extensibility.PerfCollector.PerformanceCollectorModule, Microsoft.ApplicationInsights.Extensibility.PerfCollector"/>
    Note that this is a termporary workaround, but I'm sure they'll be fixing it soon.

  • After receiving reciept in which table the accounting entries is going

    Hi,
    IN purchase order
    after receiving reciept in which base table the accounting entries is going to hit ,

    rcv_receiving_subledger.
    Thanks
    Nagamohan

  • How to treat the accounting entries for the Process industry?

    Hi SAP Gurus,
    I am working with the Process industry client. Here one raw material goes with chain of process. In one plant half of the process will carried out and the rest of the half process would be carried in another plant. the entire accounting entry would be as follow.
    Plat A
    While Purchasing the RAW material the account entries are
    Raw material Inventory A a/c     Dr
         To GR/IR a/c                Cr
    While issuing material to process order
    Consumption  a/c      Dr
         To Raw material A inventory   A/c      Cr
    While the FG receipt into the stock
    FG B inventory      a/c     Dr
         To COGM   a/c      Cr
    Stock Transfer from Plant A to Plant B
    Goods issue from Plant A
    Goods in Transit   a/c        Dr
    To FG B inventory      a/c     Cr
    Plant B
    Goods Receipt at Plant B
    FG B inventory a/c      Dr
         To Goods in Transit a/c      Cr
    While issuing Goods to process order
    Consumption a/c      Dr
         To FG B inventory a/c     Cr     
    While Final FG receipt
    FG C  inventory a/c Dr
         To COGM a/c          Cr
    In this case mine consumption account gets hitted two times. One at Plant A and another at Plant B. So in my P&L account the consumption will be in two times. In this case how should i treat the accounting entry??
    Advance thanks for the help.
    Regards,
    Deva

    Hi Ravi,
    I have discussed with my user. The business requirement is they want the plant wise Balancesheet and Financial statement. If i do the stock transfer from one plant to another it is very difficult for me to get the balance sheet. What we are planning is while transfering one plant to another the FG invertory credit agaist Intra transfer account (One P&L account) then in the receiving end the intra transfer a/c debit to FG inventory so that i can get the trial balance.
    I will get back to you once i get the solution for this. Let me know if you have some idea on this.
    Thank you.
    Deva.

  • What is the accounting entry that will be generated

    Hi Experts,
    What is the accounting entry that will be generated when:
    1. Vendor Invoice is created in system
    2. Vendor Invoice is cleared using F110 (APP)
    Regards.

    Hi,
    1. Vendor Invoice is created in system
    During Goods Receipt
    Stock Account               Dr
    G/R I/R Accoun                Cr
    Freight clearing account               Cr
    Other expenses payable               Cr
    During Invoice Verification
    G/R I/R Account              Dr
    Vendor                   Cr
    2. Vendor Invoice is cleared using F110 (APP)
    Accounting entry at the time of payment
    Vendor account               Dr
    Main Bank account              Cr
    Regards,
    Akhila.

  • Please clarify the purpose of sync. I thought of it as a backup tool and reinstalled windows and now years of bookmarks are lost. This hurts!

    I would like you to please verify the purpose of sync more clearly in the future. I had to reinstall windows and thought I could use sync to save my bookmarks. Now years of bookmarks are lost because the program was not specific in telling me about the recovery keys until it was too late. This put a huge dent in my productivity and really sets me back. I realize that nothing can be done at this point but please clarify this for others so that it doesn't happen again. This really sucks!

    See:
    *https://support.mozilla.org/kb/what-firefox-sync
    *https://support.mozilla.org/kb/how-do-i-manage-my-firefox-sync-account
    *https://support.mozilla.org/kb/ive-lost-my-firefox-sync-account-information
    *https://support.mozilla.org/kb/firefox-sync-troubleshooting-and-tips

  • How to split the accounting entries of the invoice

    Environment: Oracle Apps 11i v11.5.4
    in Oracle AR: by default when you create invoice the accounting will be:
    DR Receivable Account
    CR Revenue Account
    I want to divide this to be as follow:
    1- When invoice created:-
    DR Accrued Revenue Account
    CR Revenue Account
    2- When invoice approved by customer:-
    DR Receivable Account
    CR Accrued Revenue Account
    Note: I can consider the Complete action in the invoice is the customer approval
    How can I implement that in Oracle AR?
    Please any help will be very appreciated, as we're going to make decision either implementing AR in our system or choose another system depends on if Oracle AR will be able to accomplish our business need
    Thanks and Regards
    Edited by: slamonty on Oct 31, 2011 12:04 PM

    hi,
    this is to infrom you that,
    you can find out in SE11,
    display
    VBRP - GSBER - business area field
    then contents
    give BUSINESS AREA THERE and execute.
    regards,
    baaljia

  • I can't access my old Apple ID, can you please delete the account or posts?

    I can't access my old Apple ID. Before the big account switching, I naively posted my email in a post in a topic here a while back.
    Now it comes up in search results and I don't want to attract any spam. I want to either remove this old account or at least wipe some of the posts I made under the name. Not sure where else I can possibly post this question, totally apologize if it appears rather rude.
    Thanks,
    Message was edited by: css1323

    You're Welcome css!
    "While you may not be able to delete the account."
    As a user/member of  Discussions like your self I have no removal powers at all.
    But in that Thread I notified the Hosts of your address removal request.
    "Btw, is there a way to PM here?"
    Only if a member posts an Email address in their Profile.
    ali b

  • Please Clarify the Errors (Case Structure)

    I am using numeric case structure but I don't understand the errors, can anyone clarify what they are mean and what I have to do to change it. Thank you in advance.

    (This is a new problem, so you should have started a new thread.)
    The solution is simple: Things are case sensitive!
    A case labeled "Divide" is different to a case "divide"! Correct the first characer for each case and you're all set.
    In scenarios such as this, easiest is to hook up an empty case structure to the radio control, then right-click the case structure and select "Add case for every value". Voila! No chance for mispellings!
    Message Edited by altenbach on 08-07-2006 09:49 AM
    LabVIEW Champion . Do more with less code and in less time .

  • Could u please clarify the doubts impementaion project

    Hi Experts,
    Please advice me on the following.
    What is the land scape of an implementation project.What is the Golden client server.Is it mandatory to maintain and if yes ,what data shall we put in golden client.
    Is the process correct..to do initial configuration in Development server and move it to quality for testing  and after testing shall we move the config to  Production system on golive date.
    generally what is the setup of different servers in an implementation project.
    Dear experts Please through a light on this.
    Regards,
    Sai.

    Hi Mahesh,
    Thanks for the reply.agian i m having some doubts.
    What could be the different clients in DEV Server.
    We do all config s in dev client.How will the config move to golden client.
    Im in doubt weather shall we do configs in dev or golden client.
    According to me there will be sandbox client and Dev client and quality client in the Development system.Is it correct.
    Please share your idea.
    Regards,
    Sai.

  • Can you please clarify  the doubt in Exception.

    public class TraverseExceptionChain
        static public void traverseExceptionChain(Throwable t)
           while(t != null)
             System.out.println(t);
             t = t.getCause();
        public static void main(String args[])
           int array[] = new int[10];
            try
               array[500] = 1;
            catch(Exception e)
               Exception e2=new Exception("Two",e);
               Exception e3=new Exception("Three",e2);
               traverseExceptionChain(e3);
    }O/P:
    java.lang.Exception: Three
    java.lang.Exception: Two
    java.lang.ArrayIndexOutOfBoundsException: 500
    Can any body explain program especially catch block???

    Exception e3 has as cause e2 which has aa cause e, where having a cause means 'this exception is caused by another exception'.
    Usually exceptions as wrapped like this to add extra information, while retaining the original exception information.

  • Oracle Payables Witholding Tax Accounting Entries

    Can someone please confirm the accounting entries in regards to withholding tax in Oracle Payables.
    Are these correct?
    At the time of payment creation:
    DEBIT: ACCOUNTS PAYABLES $100
    CREDIT: CASH $80
    CREDIT: WITH-HOLDING TAX PAYABLE $20
    When witholding tax invoice is created:
    DEBIT: WITH-HOLDING TAX PAYABLE $20
    CREDIT: ACCOUNTS PAYABLE $20
    When witholding tax invoice is paid:
    DEBIT: ACCOUNTS PAYABLE $20
    CREDIT: CASH $20
    Is WITH-HOLDING TAX PAYABLE a liability account through all entries or is there an expense account in the picture as well.
    Thanks
    Asim

    Hello Asim.
    Yes, the accounting entries are correct and there are no expense accounts involved in this process.
    Octavio
    (Chartered accountant)

Maybe you are looking for

  • MACHINE_CHECK_EXCEPTION on every 4th or 5th CD I try to play

    Like the subject says, I get a blue screen that gives me a MACHINECHECKEXCEPTION (and shuts down the computer) about every 4th or 5th CD I try to play w/ itunes. According to the Microsoft site this is some kind of hardware issue and lists some possi

  • Fix key fields in the Table Control

    Hi, Is it possible to Fix Keyfields of a table contol during scrolling in webdynpro screen. Regards, Ramu N.

  • Does back ground jobs work process go to private mode or not

    Hi Experts, Can any one tell me Does back ground jobs work process go to private mode or not Thanks and Regards Dan !!

  • Combo Type UDF

    I have created a UDF in AR Credit Memo which is type of combo in line level matrix. how can i clear that combo box? have any one solution ? when i am trying to remove items from combo box the error message occuring "Iem - The Item is not a user defin

  • Why is censoring of app reviews allowed?

    It seems to be increasingly common in the App Store to find that reviews are not published. The latest one I've just come across is 40d (4 On Demand). The summary graph for the current version shows a 2+ rating from 23 reviews, 11 of which are 1 rati