Sekarang baru paham

Ummi dari background IT, manelah tahu bab2 accounting ni,

sekali bila kena buat ERP,

kenala tau selok belok accounting ni

asyik2 kene query je,

telan jugakla nak paham.

encumbrance encumbrance encumbrance.

Likely most of Govt link comp akan practise encumbrance accounting sebab nak track budget.

(else buat ape PM bentang budget budget budget every year)

tapi entry ni bukan pasal encumbrance

len kali la eh kalo nak cerita pasal encumbrace.

 

Ini pasal impact bila system item cost lain dgn harga time beli lain dgn harga time invoice.

common scenario dgn pasaran harga barang tak menentu.

susah payah nak paham ni.

hehehe.

 

12.Consider the following scenerio for inventory item B.

1) Standard Cost 10

2) Purchase Order Liner Quantity,100:Purchase Order Line Price: 12.

3) Match Approval Level Three-Way Matching:Receipt Routing:Direct Delivery.

4) Receipt Quantity:40

5) Invoice Price: 14:Invoiced Quantity:20

Which option describes the effect on different accounts correctly?

Ummi explained as follows:

 

During Receiving

Receive

======

Dr  Receiving Inventory Clearing

Cr  Inventory Ap Accrual    480-- (Qty*PO Unit Price) =40*12

 

Deliver

======

Dr Material Account 400 (Qty*Item cost)=40*10

Cr Receiving Inventory Clearing

 

Dr Purchase Price Variance = (PO Unit Price-Item cost)Quantity

                                        =2*40

                                        =80

 

 During Invoicing

Dr Inv Ap Accrual  240 --Qty*Item cost)=20*12

Cr Liability =280     -- (Qty*Invoice Unit Price) =20*14

 

Dr  invoice Price Variance Account = (Invoice Unit Price-PO Unit Price)Qty

                                                   =(2)20

                                                   =40

    

   

 Nett effect ialah

 

    Debit Material Account 400

    Credit Inventory AP Accrual Account 240 (480-240)

    Debit invoice Price Variance Account 40

    Debit Purchase Price Variance Account 80

    Credit AP Liability Account 280.

 

Sekarang baru paham..ee..rasa mcm nak pergi amik diploma in accountancy.

lagi? Accounting for Dummies (bodohnye)

ye la.

Dulu2 science stream pastu amik IT, mane de perkataan accounting kt situ