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Accounting Entries - Oracle Apps

This document outlines the accounting entries made for different stages of a manufacturing work order process. It shows that when materials are issued to work in process, the material account is debited and inventory is credited. When resources are valued, the resource valuation account is debited and absorption account is credited. Overhead costs, including material and indirect overhead, debit the relevant overhead accounts and credit absorption accounts.

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617 views2 pages

Accounting Entries - Oracle Apps

This document outlines the accounting entries made for different stages of a manufacturing work order process. It shows that when materials are issued to work in process, the material account is debited and inventory is credited. When resources are valued, the resource valuation account is debited and absorption account is credited. Overhead costs, including material and indirect overhead, debit the relevant overhead accounts and credit absorption accounts.

Uploaded by

rsans0902245
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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Manual WorkOrder

SR.NO 1 PARTICULARS At the time material issue WIP Material A/c Sub Inventory A/c 2 Resource Valuation WIP Resource valuation A/c Resource Absorption A/c 3 Overhead Cost (Material) WIP Material ovehead A/c Sub inventory material overhead A/c 4 Overhead Cost (Indirect) WIP Overhead A/c Overhead absorption A/c Outside Processing (In case of fixed standard cost to resource) WIP OSP A/c Variance A/c Resource A/c 100 95 5 WIP Class Resource Defination Form Resource Defination Form 10 10 WIP Class Org/Subinventory 100 100 WIP Class Resource Definition Form 100 WIP Class 100 At Standard Cost Sub-inventory Material A/c Setup DR CR SPL NOTES ACCOUNT IS PULLED

SPECIFIC

ORG

ORG

100 100

WIP Class Overheads Defination Form

OPTION AVAILABLE

Org Paramaeters Receiving Options

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