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author's profile photo Former Member
Former Member

MIRO ENTRY

HI,

While Posting MIRO I m getting Below Entry.

Vendor CR

GR/IR DR

TAX A/C DR

Inventory A/C CR

Here inventory A/c is trigerd automatically.Is this correct.

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    author's profile photo Former Member
    Former Member
    Posted on May 04, 2012 at 09:32 AM

    Hi,

    When the MIRO value differs from the PO price at which the GR is booked, here is the rule that applies.

    1. If inventory is maintained in Moving Averge Price, and there is no stock at the time MIRO, the whole difference goes to Price Difference Account

    2. If inventory in MAP and If there is stock (to full extend or part) it hits the inventory account proportionately for which stock exists and PRD for the short of inventory quantity.

    3. If the inventroy is maintained in standard, the whole differece always goes to the PRD account irrespective of stock position.

    Hope it helps.

    Thanks and Regards,

    R C Sabat

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  • author's profile photo Former Member
    Former Member
    Posted on May 04, 2012 at 07:56 AM

    Hello,

    Please check whether Price Difference Exists or not with reference to Purchase Order.

    Also check whether Planned Delivery Cost are entered at the time of Invoice booking.

    Regards,

    Jaymin R. Bhatt

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