Sales Exchange - Local

When a local Sales Exchange is approved, the Trade debtor – control A/C's sub account's credit available will be added the Exchanged amount.

When a Local Sales Exchange is posted to GL, the following accounting entries are created.

GL Interface Type/[Account]	Account Usage	Sub-account	Currency	Dr	Cr	Notes
STOCK IN HAND	Ledger		Prime		Returned Actual Cost - Exchanged Actual Cost	If Returned Actual Cost is greater than the Exchanged Actual Cost, then STOCK IN HAND is DR
COST OF SALES	Ledger		Prime	Exchanged Cost of Sales - Returned Cost of Sales		If Exchanged Cost of Sales is less than the Returned Cost of Sales, then COST OF SALES is CR
COMMISSION PAID	Ledger		Prime
SALES DISCOUNT	Ledger		Prime
SALES	Ledger		Prime
GST-OUTPUT TAX (Sales)	Tax		Prime
TRADE DEBTOR - CONTROL A/C	AR	Customer - Account	Prime
COST OF SALES variance	Ledger		Prime	Exchanged Cost of Sales variance - Returned Cost of Sales variance		If Exchanged Cost of Sales variance is less than the Returned Cost of Sales variance, then COST OF SALES variance is CR
TRADE CREDITORS- CONTROL A/C	AP	Supplier - Account	Prime

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