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Former Member
Aug 17, 2015 at 01:18 PM

negative value in return PO

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Hello,


We have created PO for material with quantity 100 and Unit rate Rs. 10. Also there is “Gasification charges” as planned condition in pricing procedure with Rs. 200 in (custom condition type) ZMI1-other charges condition.


Accounting entry

Inventory- A/c Dr. 1200

To GR/IR-A/c 1000

To Other Charges Clearing 200

We are applying vat on material and service tax apply on that Gasification charges. So that we have divided it.

Now we have done the payment with Rs. 1200 after the GRN. Now business needs to return 10 quantity of material to vendor. So we create return PO with quantity 10 but how can we reverse “Gasification charges” planned amount?

Desire entry of above scenario:

GR/IR A/c Dr. 1200

Other Charges Clearing Dr.

To Inventory -A/c

Please suggest.

Regards,

Bhaumik Modi.