请会计高手帮忙看看ELImination of intra group unrealised profits in inventory

小水OZ

搞不懂ELImination of intra group sales and unrealised profits in inventory

perpetual inventory system为什么是
Unrealised profit in openging inventory: Dr. Retained earnings at start
                                                                        Cr. COGS (profit and loss)
unrealise dprofit in closing inventory： Dr. COGS (profit and loss)
                                                                       Cr. inventory（Assets)
我理解DR. COGS是要减少profit., 但是为什么是CR INVENTORY 呢？ inventory为什么是减少呢？

chenpu

Credit  Inventory, is the variance of the inventory cost in selling company and the inventory price in buying company.
Let us take an example to explain it:
Selling company
Dr. A/R                 $100
Cr. Revenue                    $100
Dr. Cogs        $50
Cr. Inventory                $50
Buying Company
Dr. Inventory  $ 100
Cr. A/P                 $100

Because of internal transaction, it needs the elimination:
Dr. Revenue         $100
Dr. Inventory         $50
Dr. A/P                $100
Cr. A/R                $100
        Cr. COGS        $50
        Cr. Inventory         $100

[ 本帖最后由 chenpu 于 2010-9-20 12:39 编辑 ]

小水OZ

原帖由 chenpu 于 2010-9-20 12:15 发表
Credit  Inventory, is the variance of the inventory cost in selling company and the inventory price in buying company.
Let us take an example to explain it:
Selling company
Dr. A/R                 $100
Cr. Revenue  ...

Thanks a lot.

can u also pls explain this for me,
Unrealised profit in openging inventory: Dr. Retained earnings at start
                                         Cr. Cogs

chenpu

The elimination entry can be split into ur two general journals refer to the elimination journal