|
Sell Inventory - Sales Order using the Debtor Sales Ledger 5 items at $140.00 |
|||
|
General Ledger Account |
Debit |
Credit |
|
|
(I2) |
Stock Movement/CoGS W B |
700.00 |
|
|
(I1) |
Inventory Value (Ex GST) W |
|
700.00 |
|
(D2) |
Debtor Sales (Ex GST) W B |
|
700.00 |
|
(D10) |
Debtor Freight (Ex GST) |
|
14.00 |
|
(D11) |
Debtor Courier (Ex GST) |
|
11.00 |
|
|
GST Supplies (GST on Sales & Freight etc) |
|
72.50 |
|
(D1) |
Debtor (Inc GST/VAT) |
797.50 |
|
|
Sell Inventory - Sales Order (Ship/Complete - stock on back order) |
|
|
Debit |
Credit |
|
(I13) Ship on Complete W |
(I1) Inventory Value W |
This journal is reversed when all the stock is supplied and the above journal (Sell Inventory) created, depending on the ledger used to control the journal set
|
Sell Inventory - Sales Order (Bill/Complete - stock on back order) |
|
|
Debit |
Credit |
|
(I7) Assigned Value W |
(I1) Inventory Value W |
This journal is reversed when all the stock is supplied and the above journal (Sell Inventory) created, depending on the ledger used to control the journal set.
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