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Component Issue and Return Transactions

Component issue and return transactions can be launched in a variety of ways. See: Component Issue and Return Transaction Options and Backflush Transactions.

Costing Issue and Return Transactions

Issue transactions increase the work in process valuation and decrease the inventory valuation. The accounting entries for issue transactions are:

Account Debit Credit
WIP accounting class valuation accounts XX  
      Subinventory elemental accounts   XX

The accounting entries for return transactions are:

Account Debit Credit
Subinventory elemental accounts XX  
      WIP accounting class valuation accounts   XX

Subinventory accounts are defined in the Define Subinventories window in Oracle Inventory. WIP elemental accounts are defined in the WIP Accounting Classes window in Work in Process. See: Defining Subinventories, Subinventory General Ledger Account Fields, and WIP Accounting Classes.

See Also

Overview of Material Control

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