What Does co88 Mean?
What Does co88 Mean?
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It might be as per sales buy Value estimate i.e. for every device Price of products receipt is as per the sales buy Price estimate, it can be be rate as per the preliminary expense of the creation get, or it can be According to regular Expense estimate of the material.
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The variances described on the above mentioned ought to symbolize the difference between the Program prices and the particular charges. On the other hand, the described figures show up to depict the whole actual prices!
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CO88 will not article the difference between program and real values, that happen to be a measure of how properly the get is planned - a difference between system and real, demonstrates that BOMs and rountings are co88 Incorrect, or perhaps the estimate for your approach is from date - these are production Regulate problems not a postable FI entry.
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CO88 is a collective approach and may settle all order within a plant (or all crops) that have had WIP and Variance calculations pocessed.
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CO88 is employed for collective processing of generation purchase and processing orders. we can also shedule the settlement course of action for mass processing of settling the orders.
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The particular charges posted to an buy is often roughly than the value with which an get was credited when the products receipt was posted. When you settle, this distinction between the debit and credit from the get is transferred to Economic Accounting (FI).