|
Raise Inventory Liability (no change from Receiving Slip) COGS Ledger |
||
|
General Ledger Account |
Debit |
Credit |
|
(I6) Delivered Inventory Liability (Ex GST) W |
477.50 |
|
|
(I5) Delivered Inventory Asset (Ex GST) W |
|
477.50 |
|
(I1) Inventory Value (Ex GST) W |
477.50 |
|
|
(C10) Creditor Freight (Ex GST) |
12.75 |
|
|
(C11) Creditor Insurance (Ex GST) |
10.00 |
|
|
(C12) Creditor Duty (Ex GST) |
5.25 |
|
|
GST Acquisitions (GST on Goods & Freight etc) |
50.55 |
|
|
(C1) Creditor (Inc GST/VAT) |
|
556.05 |
|
Raise Inventory Liability - Purchase Invoice (Invoice price of $96.00 is higher than delivered price) COGS Ledger |
||
|
General Ledger Account |
Debit |
Credit |
|
(I6) Delivered Inventory Liability (Ex GST) W |
477.50 |
|
|
(I5) Delivered Inventory Asset (Ex GST) W |
|
477.50 |
|
(I1) Inventory Value (Ex GST) W |
480.00 |
|
|
(C10) Creditor Freight (Ex GST) |
12.75 |
|
|
(C11) Creditor Insurance (Ex GST) |
10.00 |
|
|
(C12) Creditor Duty (Ex GST) |
5.25 |
|
|
GST Acquisitions (GST on Goods & Freight etc) |
50.80 |
|
|
(C1) Creditor (Inc GST/VAT) |
|
558.80 |
|
Raise Inventory Liability - Purchase Invoice (Invoice price $95.00 is lower than delivered price) COGS Ledger |
||
|
General Ledger Account |
Debit |
Credit |
|
(I6) Delivered Inventory Liability (Ex GST) W |
477.50 |
|
|
(I5) Delivered Inventory Asset (Ex GST) W |
|
477.50 |
|
(I1) Inventory Value (Ex GST) W |
475.00 |
|
|
(C10) Creditor Freight (Ex GST) |
12.75 |
|
|
(C11) Creditor Insurance (Ex GST) |
10.00 |
|
|
(C12) Creditor Duty (Ex GST) |
5.25 |
|
|
GST Acquisitions (GST on Goods & Freight etc) |
50.30 |
|
|
(C1) Creditor (Inc GST/VAT) |
|
553.30 |
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