Receipts price variance account
You can track differences between the inventory standard cost and the receipt cost for items in the associated storeroom location.
The return price variance account is debited in an inventory standard receipt adjustment transaction. When the purchase price at receipt exceeds the standard cost, the transaction amount is positive. When the purchase price at receipt is less than the standard cost, the transaction amount is negative.
The receipts price variance account is paired with the inventory control account; when the receipts price variance account value increases, the inventory control account value decreases.
Variance accounts track price variances by storeroom location, not by item.