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Reply from Raghavan_S on May 12 at 11:36 PM Hi Abhijeet,
The PRD account gets hit due to the following reason.
For Standard Price in material master, If there is a difference between the
Material master price and the PO price, when making Goods receipt, the
difference between the MAster price and the PO price wiill hit the PRD
account.
In case of MAP, while Invoice verification, the difference between the PO
price and the invoice price will hit the stock account(If stock is
available) else, the difference price will hit the PRD account.
Simply,
Standard Price: PRD account = PO price - Master price (During GRN)
MAP : Stock account = Invoice price - PO price(If stock is
available)
PRD account = Invoice price - PO Price(If no stock
is available)
You will have to post manual JVs to clear the PRD account with the
respective GLs.
Hope this explanation helps you.
Thanks,
Raghavan
| | | ---------------Original Message---------------
From: abhijeet naik
Sent: Saturday, May 12, 2012 3:41 PM
Subject: Price Difference Account for Standard Material Price is Adjusted
Hello Experts
If any body can update me briefly about PRD (price difference account) account and how it function. Which report shows details of PRD ? does its getting closed or adjusted during period end closing?
how to do the adjustment in PRD account for material price is standard price.
Regards
Abhijeet |
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