The first in First Out (FIFO) method retains the price of the product on the basis of the FIFO of the product and the Average Cost takes the average of the prices. We can first check…
GST E-way bills are really important documents for the transporters that are needed before shipping goods exceeding the worth of INR 50,000 within state or interstate. You require to upload the transportation reports which comprises…
Unit of Measure (UoM) refers to which all units the products are sold and purchased, while the UoM category refers under which category those units are coming. Now go to inventory -> configuration settings ,enable…
The average cost method calculates the cost of ending inventory and cost of goods sold on the basis of weighted average cost per unit of inventory. Now first you need to add average cost in…
The unit of measure here is the kilogram. Here we have prepared RFQ with the quantity of 1.555 kg. As the price is Rs 10 per kg or unit, by setting rounding precision as 0.1 we…