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Return PO, GR reversal entry with PRD

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Dear ,

 

I don't know it is correct or incorrect entry. I am requesting, please give me the right path:

 

Step 1:

 

Stock Position before my transaction:

     Quantity = 100

     Value = 1,000

     MAP = 100

 

GR against return PO (Movement Type 161):

 

     PO Quantity = 50

     PO Price = 1,000

     PO Value = 50,000

 

GR/IR A/C     Dr          50,000

     Stock A/C     Cr               1,000

     Price Diff       Cr               49,000

 

Now my Stock Position:

     Quantity = 50

     Value = 0

     MAP = 0

 

Now I realized my PO price was wrong and made the reverse entry and made the accounting entry:

 

Stock A/C          Dr          50,000

     GR/IR A/C          Cr               50,000

 

Now My Stock Position after reversal (Movement Type 162):

 

     Quantity = 100

     Value = 50,000

     MAP = 500

 

So now my question is why there is no Price Diff A/C in the time of reversal entry hence my stock value has changed from 1,000 to 50,000.

 

Please help me how do I solve this problem. Do you think I need to change my configuration and how do rectify my values.

 

Best Regards,

Shoyeb


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