Trade in-transit Account is having remnant value for Consigned PO IPV
Context - For Consigned PO's we are seeing accounting entries which are not clearing out, in this case Trade In Transit Valuation Account is having uncleared amount
Scenario - Create a consigned PO → receive material (supplier owned) → Account Alias Issue for the consigned material → Transfer to owned (Auto) → Create Consumption Advice → Invoice with price more than PO price
The T-Accounting Table is shown below:
Please let me know if we can clear out Trade-In transit Valuation Account in which balance is coming from Acquisition Cost Adjustment Event.