Sap Accounting: [sap-acct] How accreetion/decretion of closing stock handled for traded goods

[sap-acct] How accreetion/decretion of closing stock handled for traded goods

Posted by ALOKA PARIDA (Officer-F&A)
on Jul 19 at 6:41 AM

Dear Experts,

For Manufactured finished goods accretion /decreation of closing stock in profit and loss account is handled thru COGM and COGS a/c.

I,e when production declared Inventory Debit
COGM Credit

When goods sold :- COGS Debit
Inventory Credit

So the diff in COGM and COGS a/c stands as acreetion or decretion of stock.

But in case of traded goods there is no production declaration, so how the accretion/decretjon of stock accounted for thru profit and loss a/c in SAP.

Regards,

Alok Kumar Parida
FI Core Team Member
Mobile:- +91 90906 24375
+91 87633 49059
Desk:- 0674-2393931 Ext:674

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