Answer: After clicking ‘F’ (Free Goods Indicator) in purchase order , the net price of the item will become Zero and the condition tab will be disappeared. Finally when we do the Goods Receipt, accounting entries won’t be generated.
If the material has price control as Moving Average Price (V), no accounting entries. But if the material has price control as Standard Price (S), the accounting entries will be as shown below.
Inventory Account – BSX – Debit (+)
Price Difference Account – PRD – Credit (-)
http://www.amazon.in/b?node=1592905031&ref_=as_acmain_dotd&tag=ganeshsapmmwm-21
Regards,
Ganesh
Sir what will be accounting entries if material has std price?
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If it is standard price, accounting entries will be BSX – Debit and PRD- Credit
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