How to reverse A/P return with wrong price update

Question

Hi all expert,
Case as below:
1.  Key in GRPO 1959 u2013 received stock from supplier 20ctn, unit price 130/ctn.
    Journal entry created as below:
    Dr finish goods RM 2600, Cr Goods received not invoiced RM 2600.
2. After that issue A/P return to return the stock for the GRN PO 1959. The customer
    Key in Goods Return 112 u2013 return 20ctn, unit price RM125/ctn.
    Thus double entry created
    Dr finish goods RM 2500, Cr Goods Received not Invoiced RM 2500.
    The correct price was RM 130/ctn. But user had key in the price wrongly in the A/P return.
    How to i reverse & change Goods Return to RM 2600, how to do this?
    My current solution is copy A/P return to A/P credit memo, then issue A/P Invoice with similar
    amount to offset the wrong credit memo? But there is too many step. Any better idea?
Regards,
Eric Tan

Answer 1

hi,
Do material revaluation to effect correct price of item.
Jeyakanthan