Page 1 of 1
Intransit Account for Avg Costing-reg.
Posted: Tue Dec 06, 2011 9:17 am
by jai
Hi Friends,
Can anyone let me know the process of maintaining intransit account in average costing organization
Regards,
Jai
Posted: Tue Dec 20, 2011 6:11 am
by jai
Hello Friends,
This is what I found the solution:
Hope it may help you all.
In Average Costing Organization, the Intransit Inventory Account is defaulted from the Organizaton Level Material Valuation Account.
In average costing practice the intransit material is considered to be part of the total inventory value of the organization, so system uses the same material valuation account.
Unless you write your own custom costing routines, It is not possible to have a different Intransit Inventory Account in Average Costing
Regards,
Jai