This transaction creates the following journal entries:
debit: accounts receivable credit: item cost |
This transaction creates the following journal entries:
debit: item cost credit: accounts recivable credit: accounts payable |
The cost of the received item is the purchase cost. Running business logic processor produces the following general journal:
Debit: item cost Credit: accounts payable |
This transaction creates the following journal entries:
debit: accounts payable credit: accounts receivable credit: item cost |
This transaction creates the following journal entries:
debit: item cost credit: gain on physical inventory |
or
debit: loss on physical inventory credit: item cost |
This transaction generate general journal which reflects the cost and quantity of items being transfered between sites.
The materials or work-in-process items (referred to as component items throughout the documentation) required by work orders and outsourcings with component items shipped to subcontractors are also issued or returned on this screen. This explains the fact that the issue or return of component items does not affect the cost of their parent item. Instead, these actions only transfer the quantities and costs of component items between sites.
Accounting personnel can manually enter journal on screen [Journal] like the following entries:
debit: loss credit: item cost |