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A/R Credit Memo Posting to Misc Expense Account

Mar 20, 2017 at 08:22 AM

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Hi There,

We have a A/R Invoice Posting for 2 Machines PFA SC of its JE, Machine 1 Cost : 1600 Machine 2 Cost : 991.75 , Total : 2591.75.

post that an A/R Credit Memo was issued for return of 1 Machine [Cost : 991.75], checking the JE for the same, there has been a posting in the MISC EXPENSE account , need to understand why the COGS amount was Credited more than the Machine Cost.

ar-invoice-je.jpg

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