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Dear SAP guru,
In my company code purchase account have been activated. Due to this two additional entries have been generated e.g purchase a/c dr and purchase offsetting a/c credit.
Please tell me in which scenario this account should be activated.
One major problem is coming during MIGO is that suppose if stock value is Rs 1000 and freight is Rs 300 and insurance is Rs 200 then following entry has passed.
Consumables a/c Dr. 1500
To purchase a/c . 1000
To GR/IR a/c 1000
To purchase offsetting a/c 1500
Freight clearing MM a/c Dr. 300
To freight clearing MM a/c 300
Insurance a/c Dr. 200
TO Insurance a/c 200
Please clarify me why purchase offsetting a/c is debited with consumables value which is consist of all expenses. Is is correct? If not please suggest me what should be? and this is happening? is freight clearing mm entry is correct or not.
Thanks in advance.
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