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 |
|
288.06 |
|
Delivered Inventory Liability (Inventory Classification) Reversed |
259.57 |
|
|
Delivered Variance (Inventory Classification) Reversed |
28.49 |
|
|
Inventory Value (Inventory Classification) (Qty * Standard Cost) |
288.06 |
|
|
Purchase Variance (Inventory Classification) (Qty * (Received Price/Capital Rate)) - (Qty * ((Invoice Price/Capital Rate)) |
4.44 |
|
|
FX Variance (Qty * ((Invoice Price/Capital Rate)) - (Qty * ((Invoice Price/Transaction Rate)) |
|
11.73 |
|
Freight Variance ((Qty * (Received Price/Capital Rate)) * Freight Rate |
|
13.56 |
|
Duty Variance ((Qty * (Received Price/Capital Rate)) * Duty Rate |
|
3.39 |
|
Purchase Invoice Rounding - Nudge factor |
.01 |
|
|
Creditors (Creditors Classification) |
|
263.83 |
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