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Jan 17, 2011 at 05:11 PM

Price Variance at the time of MIGO

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Hi All,

we have scenario where at the time of GR Mvt Type 101 system has posted below accounting entry

Stock Account Dr 1,816.00

GR\IR Account Cr 1,816.00

Now at the same time user has returned the goods Mvt Type 102

Stock Account Cr 1,816.00-

GR\IR Account Dr 1,091.52

Price Variance Dr 724.48

Now we are not able to understand why system is posting to Price Variance Account any expert advise.

Thanks!!!

Regards,

Vivek Srivastava