Invoice Price Variance Account Nature Issue ??
HI ALL,
Hope you all are doing well. I have been encountered an amazing query which is as;
Hope you all are doing well. I have been encountered an amazing query which is as;
CASE NO. 1
Let us consider the case I have the PO of that contain one Inventory Item and line amount is 100 with one 1 Quantity. While I am receiving the PO the accounting entries get generated. With the following entries;
Material A/C DR 100
AP INVENTORY ACCUTAL A/C CR 100
Material A/C DR 100
AP INVENTORY ACCUTAL A/C CR 100
Supply raise the invoice with the amount of 110 and we have to pay this is because of any reason.
While creating the Invoice the following Accounting entries generated as;
While creating the Invoice the following Accounting entries generated as;
AP INVENTORY ACCURAL A/C DR 100
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