Raw material payment

A/c entries 591 views 1 replies

If invoice price and PO price is different(due to exchange variance or etc) ...which price we have pay....as per agreement or invoice price?can any body help on this

exp: po price is 145 jpy

Invoice price is 144 jpy    or vice versa

 

Replies (1)

ALways pereference should be given for Invoice Price bcs it the rate at which transaction in actual took placed inspite of what was the agrement rate. Hence the transaction should be recorded at this amount.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register