Community: Accounting and Finance mailing list archives

Perpetual Inventory Valuation in Continental Accounting

Quentin De Paoli (qdp)
- 02/26/2016 12:14:47
Hi community,

recently, a question arose from a customer request which I need to confront to your expertise.

Upon validation of a supplier invoice for a product in perpetual inventory valuation, do we have to have to book the difference between the PO price (inventory valuation price) and the supplier invoice price even if the company is doing continental accounting (no anglo-saxon mode)? If yes, what should be the accounting entries for the incoming shipment and supplier invoice?

Thanks in advance


Quentin De Paoli
LAN Parties Manager
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