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Former Member
Mar 21, 2009 at 04:28 AM

MIRO and MR8M

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Hi Guru,

We have a PO created and Goods Receipt made. When we made a invoice using MIRO and reversed this invoice using MR8M

Goods Receipt Entry ( MIGO Entry)

Dr. Inventory account

Dr. PPV ( Account for Purchase price variance)

Cr. GR/IR account

MIGO Entry ( Invoice)

Dr. GRIR account

Dr. Gain/Loss account

Cr. Vendor

User revesed this entry using MR8M ( Credit Memo)

Dr. Vendor

Cr. GRIR account

Cr. PPV ( Another account for Purchase price varaiance) instead of Gain/Loss account.

Can i know the reason why reverse took a different account instead of Gain/Loss account.

Will assign good points.

Thanks