Guys,
I need some detail description against all these below Production Accounts and their behavior. Mostly for Issue and Issue Offset accounts & Receipt and Receipt Offset accounts
Correct me if am wrong for below 2 Accounts:
1. Picking List and Picking List offset accounts
As the materials are consumed, they are posted to both the Picking list issue account and the Picking list offset account.
2. Report As Finished and Report as Finished offset accounts
The estimated cost of production will be posted to these accounts when the production order is reported as finished.
Costing Voucher - This will post the Actual consumption and Inventory Costs when the production order is completed - Ended
Need Clarification for below accounts with Example:
3. Issue and Issue Offset accounts
Mostly the Inventory Account will be DR but What account will be CR & Why??
4. Receipt and Receipt Offset account
what will be DR and CR here while END the Pro Order.
I need to understand whether these above 2 accounts will be net off against WIP or not??? If not then what will be the conclusion..
Comprehensive feedback will be highly appreciated.
Thank You.