Dear SAP Guru's
Can you please clarify me what is differecne between cost goods manafacture and Cost of goods sold how these accouts will be setoff at year end in Profit losss statement
1.when we recieve Goods from Prodcution order entiry is updaing as below
Inventory FG account Dr 700
Cost of goods manufacture Cr.. 700
2.At the time delivery against Sale order
Cost of good sold account Dr 800
Inventroy FG account Cr 800
system is updating above entries
Can you please suggest me why system is Crediting Cost of goods manafacture account though it is expenses item
how COGM and COGS accounts will show in Profit and loss statement at the year end , what is net impact of these GL while preparing P&L statment
Thanking you in advance
Ghuru