If inbound delivery has been created in the system through SRM module (via advance shipment note) but MIGO has not been done in the system i.e. goods are in still transit, then system should pass a provision entry in books of accounts on month end basis...
This is required in case of POs having inco term ex works....Ex works means once goods leaves the vendor premises it is our responsibility....therefore if the ownerships belongs to me and MIGO has not been done then provision needs to be booked as per accounting principles.
Entry Required on month end-
Stock in transit a/c Dr
Vendor Provisiona/c Cr
Please give solutions