From 04aee42e4640e2378fa8f65b37067597315b575e Mon Sep 17 00:00:00 2001 From: Xavier Morel Date: Tue, 21 Apr 2015 10:40:29 +0200 Subject: [PATCH] [REM] periodic inventory valuation: price difference in supplier invoice --- valuation.rst | 12 ++++-------- 1 file changed, 4 insertions(+), 8 deletions(-) diff --git a/valuation.rst b/valuation.rst index 4fbe8979c..268fcaf07 100644 --- a/valuation.rst +++ b/valuation.rst @@ -191,10 +191,9 @@ Supplier Invoice ============================= ===== ====== \ Debit Credit ============================= ===== ====== - Assets: Uninvoiced Inventory 50 + Assets: Inventory 50 Assets: Deferred Tax Assets 4.68 - Expenses: Price Difference 2 - Liabilities: Accounts Payable 56.68 + Liabilities: Accounts Payable 54.68 ============================= ===== ====== Explanation: @@ -204,13 +203,10 @@ Supplier Invoice * The company still needs to pay the vendor (traded an asset against a liability) Configuration: - * Uninvoiced Inventory: defined on the product or the category of related - product, field: Stock Input Account + * Inventory: defined on the product or the category of related product, + field: Stock Input Account * Deferred Tax Assets: defined on the tax used on the purchase order line * Accounts Payable: defined on the supplier related to the bill - - In this scenario, the purchase order was $50 but the company received an - invoice for $52 as there were extra shipping costs. Goods Receptions No Journal Entry Customer Invoice