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Re: Goods Return variance

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Hi Maria Santa Ana,

 

I have mentioned 2 scenario which is your scenario?

 

Scenario :1

 

If you are trying to return back to vendor with 100rps then below is solution,

 

Goods return is no enough bcz vendor have to debit so you have to follow the below step

 

Step: 1 Post goods return

 

                                                                                     Dr                    Cr

Goods Received Not Invoiced (GRNI) Clearing          75

Stock Account                                                                                     75

 

Step:2 Copy to A/P Credit Memo

 

Vendor                                                                          100

Goods Received Not Invoiced (GRNI) Clearing                              75

Materials - Purchase Price Gains/Loss                                             25

 

Scenario :2

 

If you are trying to reduce the stock

 

Step: 1 Post Goods Issue

 

                                                                                     Dr                    Cr

Material different gain or loss                                        75

Stock Account                                                                                     75

 

Step:2  Do revaluation to get the correct item cost

 

                                                                                      Dr                    Cr

Stock Account                                                             25

Material different gain or loss                                                             25


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