Standard Cost Inventory Transactions in 11i
Gurus,
I would like to understand the Accounting of the following transactions and hopefully the information that you will share will pinpoint me to the set up and be able to perform a walk thru of the transaction. I am a newbie in Inventory and would be glad to hear your inputs.
The accounting entries generated for Standard Cost Inventory Transactions
Dr. Entered G/L @Standard Cost xx
Cr. Subinventory @Standard Cost xx
Account for material issue.
Dr. Subinventory @Standard Cost xx
Cr. Entered G/L @Standard Cost xx
Account for material receipt
My questions are as follows:
1. Navigation to issue material and how I know the General Account it hitting and where it's coming from.
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