Hi experts,
Warehouse has done GR for material and system has generated the following transaction.
Inventory Dr. Rs. 10,000
GR/IR a/c Cr. Rs. 10,000
When finance posted the invoice system generated following transaction based on less foreign currency rate.
GR/IR a/c Dr. Rs. 10,000
Vendor Cr. Rs. 9,700
Inventory Cr. Rs. 200
Exch. Diff Cr. Rs. 100
My point is that based on exchange rate difference system calculated the difference and reduced the inventory value, than how exchange rate difference generated?
Kindly help me to sort out this issue.
Thanks in advance.
Best regards,