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  • 1.  sales variance journal entries

    Posted 12-12-2013 07:17 AM
    Hello everyone 

    can any one kindly help me about how sales varience is recorded in journal entries
    I think that it must be recorded at flexable buget amount (standard price of sales multiplied by the actual unit sold)

    So is that true or false ??

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    Mohamed Ahmed Abdel Mettal
    Accountant
    Oshena
    Alexandria
    Egypt
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  • 2.  RE:sales variance journal entries

    Posted 12-12-2013 07:56 AM
    I don't think variance would get recorded in books unless you want to flow through the variance to P&L in a hope to catchup with the variance later on or fix any issues. Even then if it is variance against flexed budget will be recorded (actual units by standard rates

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    Manish Arora CITP
    Accountant
    Bangalore
    India
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    Original Message


  • 3.  RE:sales variance journal entries

    Posted 12-12-2013 06:37 PM
    I don't think you make JE for variances

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    Robert Nguyen
    Accountant
    InterDyn - Remington Inc.
    Vancouver WA
    United States
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    Original Message