Skip to Content
0
Former Member
Jan 17, 2011 at 12:02 PM

exchange diff during AUC settlement

60 Views

Hi,

I have settled partial of assets from Assets under Construction to Production Machinery.

The correct double entry should be as follows:

Dr Production Machinery MYR 19,144.93 = USD 5,480

Dr Production Machinery MYR181,017.46 = USD 57,750

Cr Assets under Construction MYR 19,144.93 = USD 5,480

Cr Assets under Construction MYR181,017.46 = USD 57,750

But when I first do the CJ02 - settlement rule, I input the "Amount column" in MYR then I go to CJ88 and execute.

Dr Production Machinery 19,144.93 converted to MYR 59,689.31

Cr Assets under Construction 19,144.93 converted to MYR 59,689.31

Then, I realized the "Amount" is treated as USD and I did the reversal entry.

Dr Assets under Construction 19,144.93 converted to MYR 59,689.31

Cr Production Machinery 19,144.93 converted to MYR 59,689.31

Then, again go to CJ02 - settlement rule, I input the "Amount column" in USD then I go to CJ88 and execute.

Dr Production Machinery USD 5,480 converted to MYR 17,085.33

Dr Production Machinery USD 57,750 converted to MYR 180,050.67

Cr Assets under Construction USD 5,480 converted to MYR 17,085.33

Cr Assets under Construction USD 57,750 converted to MYR 180,050.67

Now my problem is difference amounts when MYR is considered.

I expected MYR as (19, 144.93 + 181,017.46) = 200, 162.39 MYR

But posted is (17, 085.33 + 180, 050.67) = 197, 136.00 MYR

Difference of 3, 026.39 MYR

Posting in USD is fine. I expected (5,480 + 57, 750) and I got it

I think this diff in MYR is because of postings on different dates. So how can I post this diff amount without changing USD figures?

Regards,

SKD