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Former Member
Dec 21, 2009 at 03:43 PM

Custom's MIRO reversal

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Dear Experts,

I did a custom's MIRO for one of my Import purchase order. Instead of doing it in INR, i wrongly did it in USD. The very next moment, I reversed the MIRO. There was no other document posted for this PO in between.

When i reversed this Custom MIRO through MR8M, it hit the Price Difference Account.

Can any tell me the reason why it hit price difference account???

Regards

Sourabh