Possible Transactions through Inv Org Accounts

[anjan123]

Hi Gurus,


Could you please tell me the Inventory Org Accounts and their usage.

Here i am mentioning those accounts.

Inventory:-
(i)Costing method (Standard)

Mandatory Accounts
1.Material (Asset)
2.Purchase price Variance(Expense)
3.Invoice Price Variance(Expense)
4.Inventory AP Accrual(Liability)
5.Sales (Revenue)
6.Cost of Goods sold(Expense)
7.Deferred Cost of goods sold(Expense)
Optionally mandatory
1.Outside processing
2.Material Overhead
3.Overhead
4.Resource
5.Expense
6. Encumbrance
7. Project Clearance account
8.Cost Variance Account.
9.Transfer Credit
10.Purchase Price Variance
11.Receivable
12.Payable
13.Intransit Inventory


wat exactly i am expecting here is where we use the above accounts, and what are the account types for remiaing accounts.


Regards
Anjan