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Example documentationA/P Correction Invoice - Example: CZ, HU, PL, RU, SK Locate this document in the navigation structure

 

Prerequisites

Vendor: VEND-1

Vendor Control Account: 202

Inventory System: Moving Average

VAT 22% Account: 225-01

VAT 7% Account: 225-02

Materials

Code

WH

Inventory Account

GR/IR Clearing Account

Actual Price

Actual Inventory

MAT-1

01

311

301

120

100

MAT-2

01

311

301

100

50

MAT-3

03

601

305

200

150

Correction Invoice - Section WAS

Material

Qty

Price

Net Value

% VAT

VAT

MAT-1

10

130

1300

22

286

MAT-2

20

110

2200

22

484

MAT-3

20

220

4400

7

308

Correction Invoice - Section SHOULD BE

Material

Qty

Price

Net Value

% VAT

VAT

MAT-1

10

140

1400

22

308

MAT-2

20

120

2400

22

528

MAT-3

20

200

4000

7

280

Result

The example represents a minus type A/P correction invoice, as section WAS is greater than section SHOULD BE.

The system treats each item separately.

Journal Entries

Account

Debit

Credit

VEND-1

-62

202

-62

225-01

66

225-02

-28

311

300

601

-400

Material Changes

The material quantity remains unchanged because there is no quantity change on the document. The inventory prices are modified as follows (new prices):

MAT-1: (120*100+100)/100 = 121

MAT-2: (100*50+200)/50 = 104

MAT-3: (200*150-400)/150 = 197,33

Note Note

Differences in amounts may occur due to rounding differences resulting from different legislation requirements.

End of the note.