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Former Member
Mar 18, 2009 at 02:35 PM

Exchange rate diff at the time of GR

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Hi All,

l have an issue which is, when l fix the exchange rate in my PO, at the point of goods receipt, differences are generated. that is,

at date 01.02.09, exchange rate on PO is fixed.

at date 11.02.09, goods receipt is done and when the accounting document is checked

it post a difference between the fixed PO rate and what's maintained on the exchange rate table

to the forex account. So l get this:

Dr Stock account

Dr Price diff account

Cr GI/IR account

Cr Forex account

Note: that IV is not yet carried out here at all. Price control is moving average.

My understanding is that differences arise between the time of GR and IV, if PO is not fixed.

Regards