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  • Weighted Avergae Price: 1 USD PER 100 WAP 0.01 PER 1 Po - 1 PC 1usd New Weighted Price: (0+1) /1 1 Debit: Stock 1 Credit GRIR 1

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    Shwan Shalmashi
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    The document discusses a purchase order for 1 item at a price of $1 USD. This updated the weighted average price per item from $0.01 to $1. The purchase was recorded by debiting stock for 1 unit and crediting general revenue for $1. An invoice for the purchase debited general revenue for $1 and credited stock for 0.99 units, updating the new weighted average price.

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    wap

    Original Title

    Weighted Avergae Price

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    The document discusses a purchase order for 1 item at a price of $1 USD. This updated the weighted average price per item from $0.01 to $1. The purchase was recorded by debiting stock for 1 unit and crediting general revenue for $1. An invoice for the purchase debited general revenue for $1 and credited stock for 0.99 units, updating the new weighted average price.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    3 views1 page

    Weighted Avergae Price: 1 USD PER 100 WAP 0.01 PER 1 Po - 1 PC 1usd New Weighted Price: (0+1) /1 1 Debit: Stock 1 Credit GRIR 1

    Uploaded by

    Shwan Shalmashi
    The document discusses a purchase order for 1 item at a price of $1 USD. This updated the weighted average price per item from $0.01 to $1. The purchase was recorded by debiting stock for 1 unit and crediting general revenue for $1. An invoice for the purchase debited general revenue for $1 and credited stock for 0.99 units, updating the new weighted average price.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Weighted Avergae Price: 1 USD PER 100  WAP=0.

    01 PER 1

    PO – 1 PC 1USD

    New Weighted Price: (0+1)/1 = 1

    Debit: Stock 1 Credit GRIR 1

    Invoice

    Qty:1 Price : 0.01

    Debit GRIR 1 Vendor Credit 0.01 Stock : 0.99

    New WAP: 0+0.99

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