Receivables - EBS (MOSC)

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What exchange rate is used for Credit Memo's in AR

edited Oct 19, 2015 12:54AM in Receivables - EBS (MOSC) 2 commentsAnswered

HI Gurus,

Need inputs.

I have a scenario where an invoice was created in MAY-15 period in local currency & later in JUN-15 the complete invoice was reversed by creating Credit Memo in local currency. As there was difference in exchange rate from MAY-15 to JUN -15 an additional entry was created for exchange gain/loss account.

Is this the expected behavior?

When an AR invoice is cancelled, wouldn’t the original fax rate be used so that no fx gain/loss is generated?

Thanks,

Ashi

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