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The G/L to be posted as below, there are not affected on the Balance Sheet.
| Process | Transaction | Dr. | Cr. | |
|---|---|---|---|---|
| Post Purchase Receipt (100pcs) | Post Receipt | Entry 1 | Inventory (Interim) G/L A/C: 2161 G/L account according to Inventory Posting Setup | Inventory Accrual (Interim) G/L A/C: 2161 G/L account according to General Posting Setup |
4.2 Post Purchase Invoice to the Vendor when you sold the item. (i.e. Post Purchase Invoice for the sales quantity.)
| Process | Transaction | Entry No | Dr. | Cr. |
|---|---|---|---|---|
| Post Purchase Invoice for the Sales Quantity (10 pcs) | Post Invoice | 3474/3475 | Inventory Accrual Account (Interim) G/L A/C: 2161 G/L account according to General Posting Setup | Inventory Account (Interim) G/L A/C: 2161 G/L account according to Inventory Posting Setup |
3476/3477 | Inventory G/L A/C: 2120 G/L account according to Inventory Posting Setup | Direct Cost Applied G/L A/C: 7190 G/L account according to General Posting Setup | ||
3478/3479 | Purchase G/L A/C: 7110 G/L account according to General Posting Setup | Account Payable G/L A/C: 5410 G/L account according to Vendor Posting Setup |
