Introduction
...
Moving Average formula :
( ( Current Moving Average Cost * Current Balance Quantity ) + ( New Transaction Price * New Transaction Quantity ) ) / ( Current Balance Quantity + New Transaction Quantity )
Moving Average Cost is calculated by company. Thus, the Moving Average Cost for an item will be the same across the entire company.
...
| Posting Section | GL Code | Debit | Credit |
|---|---|---|---|
| Current Asset | inventory | 106100.00 | |
| Current Liability | accPayable | 100106.00 | |
| Current Asset | gst_Input | 6.00 |
...