Anglo Saxon Vs Continental (US GAAP)
Anglo Saxon Vs Continental (US GAAP)
Vendor Goods Reception Anglo Saxon
Account
Nature
Dr/Cr
Inventory
Asset
Dr
Goods received not purchased
Liability
Cr
Vendor Goods Reception Continental
Account
Nature
Dr/Cr
Inventory variations
Expense
Cr
Inventory
Asset
Dr
Vendor Invoice Anglo Saxon
Account
Nature
Goods received not purchased
Liability
Accounts Payable
Liability
Dr/Cr
Dr
Cr
Vendor Invoice Continental
Account
Nature
Dr/Cr
Purchased Goods
Expense
Dr
Accounts Payable
Liability
Cr
Customer Shipping Anglo saxon Account
Nature
Dr/Cr
Inventory
Asset
Cr
Goods issued not invoiced
Asset
Dr
Customer Shipping Continental Account
Nature
Dr/Cr
Inventory variations
Expense
Dr
Inventory
Asset
Cr
Customer Invoice Anglo Saxon Account
Nature
Dr/Cr
Goods issued not invoiced
Asset
Cr
Cost of goods sold
Expense
Dr
Goods
Income
Cr
Accounts Receivable
Asset
Dr
Customer Invoice Continental Account
Nature
Dr/Cr
Goods
Income
Cr
Accounts Receivable
Asset
Dr
Product Account configurations
Stock Input Account Account
Nature
Anglo Saxon
Goods received not purchased
Liability
Continental
Inventory variations
Expense
Stock Input Account Account
Nature
Anglo Saxon
Goods issued not invoiced
Asset
Continental
Inventory variations
Expense
Stock Valuation Account Account
Nature
Anglo Saxon
Inventory
Asset
Continental
Inventory
Asset
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