Purchase Invoice

Where the Cost of Goods Ledger is not operating, the posting to the creditor purchases account and stock movement account are at standard cost.

General Ledger Account	Debit	Credit
Delivered Inventory Asset (Inventory Classification) Reversed		324.70
Delivered Inventory Liability (Inventory Classification) Reversed	305.90
Delivered Variance (Inventory Classification) Reversed	18.80
Inventory Value (Inventory Classification)	324.70
Purchase Variance (Inventory Classification) (Qty * Received Price) - (Qty * Invoice Price)	5.40
Freight Variance (Qty * Received Price) * Freight Rate		15.30
Duty Variance (Qty * Received Price) * Duty Rate		3.82
Purchase Invoice Rounding - Nudge factor	.32
Non Inventory Purchase (Orders Classification)	137.50
Freight (Creditors Classification)	10.00
Creditors (Creditors Classification)		458.80