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Hi All ,
I have a question , how to adjust the differnce between DCA and the Purchase.
For example :- in DCA account is shows $ 1000 and in my purchase account it show $ 1500. now i want adjust this amount by passing a General Journal.
Can any one tell me which i account i should use to adjust this balance and is there any other way to resolve this amount.
Regards,
Shailesh
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Hello Shailesh,
Thank you for posting on the Community Forum.
Typically, a difference in these accounts is caused by not using Exact Cost Reversing to apply a Purchase Return to the original Pruchase Receipt. The Negative Entry for the Return uses costing method rules for Item Ledger Entry Application instead of specifically applying the Return to the Purchase. You can see my recent posting regarding the similar issue in the case titled "PO Return". You can typically post a reclassification of DR/CR to Direct Cost Applied with a CR/DR offset to the Inventory Adjustment account or Cost of Goods Sold.
I hope this helps.
Thanks
Best Regards
Tom
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