Now Reading: Receipt of a Non-stocked item versus a Stocked item
1
-
01
Receipt of a Non-stocked item versus a Stocked item
Receipt postings for the ‘STOCKED’ type of a project:
DEBIT Cost of purchased materials received 1000
CREDIT Purchase expenditure, un-invoiced 1000
DEBIT Purchase expenditure, un-invoiced 1000
CREDIT Purchase, accrual 1000
So effectively it is:
DEBIT Cost of…
Continue Reading noreply@blogger.com (Sarang Kusare)’s Article on their blog
Receipt of a Non-stocked item versus a Stocked item
Blog Syndicated with noreply@blogger.com (Sarang Kusare)’s Permission
Support The Site
