Sir,
It was very helpful for me to identify the issue, as you guided me.
Thanks a lot.
I am marking your replies as helpful
Thank You Sir Once Again
| | | ---------------Original Message---------------
From: Typewriter
Sent: Monday, July 25, 2011 11:20 AM
Subject: Unable to do PGI in Third Party Scenario
Hi Karthikeyan,
Extract from your post -
"My Doubt is if the client buy's for E.g.,100 Qty
of Mat.for Rs.100 each and sells the same at Rs.120 then this 20 profit
would be posted to revenue A/c. So, if PGI is done whether both Inventory
A/c and Revenue A/c is triggered or only Revenue A/c is triggered."
1. When PGI is done, the value of stock is changed in the Inventory account. And also inventory stock is reduced.
2. & only when bill is created, the credit accounts are updated & the data is forwarded to Profitability analysis.
Typewriter |
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