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Former Member
May 30, 2008 at 04:20 AM

MIRO reversal problem

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Hi Friends,

One of client has wrongly done a MIRO. When they are doing customs duty MIRO, they wrongly choosen currency as USD instead of INR. Neverthless the entry has been posted in USD as follows:

Customs clearing account Dr. xxxxxx USD

to Commissioner of Customs xxxxxx USD

we have instructed them to reverse the same and do it again in INR. When they are reversing the MIRO through Transaction Code MR8M the entry posted as follows:

Commissioner of Customs account Dr. xxxxxx USD

to Customes Clearing account xxxxx USD

to Price Difference account xxxxx USD

in the above entry roughly 50% of the customs clearing account is posting to Price difference account.

What could be the reason?

Can any one suggest me the best solution?

Regards

Prabhakar