accounting in case of negative stock

[kunal_ingale]

hi

i have a material which have negative stock

now when i do gr for the po of this material i am getting entries as follows

89 2301101 Inv account for raw 402,520.51

96 1600603 Goods Clearing Ac 445,961.75-

86 4000102 Price Difference-A/C 66,528.11

50 1760208 Freight Clear Rubber 8,422.60-

50 1760203 Octraoi clearing A/c 14,664.27-

it have the CST of 8,744.35 inr included in 445,961.75

(mat value as per po is 437,217.40 inr)

i am not undersatnding how the posting of 402520.51 is going to inventory acct

plz help

regards

kunal

[kunal_ingale]

.

[Former Member]

Hi,

You did a GR, stock account is debitted. What's the problem? Is the amount not what you expected?

I noted the price difference, that implies your material may be of standard price.

Phyllis.

[Former Member]

HI Kunal,

The reason being is you are posting the GR for the material for which negative stock postings are allowed, check the previous material movement for the same material..

I am sure you will find one negative movement, thats the reason system is Debiting the inventory account to knock of previous accounting entry.

Regards

Sujoy