What is GR/IR documet? why to use it? when to use it? what is the Menu- Path fo

What is GR/IR documet? why to use it? when to use it? what
is the Menu- Path for GR/IR document? Please some body
explain it...

Question Posted / amreshkumar

3 Answers
8475 Views
Yash Technologies, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

What is GR/IR documet? why to use it? when to use it? what is the Menu- Path for GR/IR document? P..

Answer / cecil

GR/IR account is an intermediate account or adjustment account. When goods are ordered through a PO, the goods are invoiced and shipped.

However when the goods are received and invoice not yet sent/received the following happens. The inventory is debited and GR/IR account credited.

Inventory dr
GR/IR account Cr.

When the invoice is received, the GR/IR account is Debited and the Vendor is credited.

GR/IR account Dr.
Vendor account Cr.

Is This Answer Correct ?

2 Yes

0 No

What is GR/IR documet? why to use it? when to use it? what is the Menu- Path for GR/IR document? P..

Answer / soumik basu

GR/IR is basically use for Integration with MM module with FI

1)Stock-----dr
to
GR/IR clearing

GR/IR clearing----dr
to
Vendor a/c...

Is This Answer Correct ?

5 Yes

6 No

What is GR/IR documet? why to use it? when to use it? what is the Menu- Path for GR/IR document? P..

Answer / satya

GR/IR Accounting is intermediate account. It is useful to
identify the difference between GR and IR. Make sure GR/IR
to be settled we can't show in FSV. Month-end we need to
settle the GR/IR clearing account to GR/IR adjustment
account (Intermediate Account) to Goods received but not yet
invoiced / invoice received but goods not yet received
(target Accounts)

Is This Answer Correct ?

1 Yes

2 No

Post New Answer

More SAP FI-CO (Financial Accounting & Controlling) Interview Questions

In the Cross Company code can we use the special periods for the processing.

1 Answers Infosys,

While defining chart of account, there is field "manual creation of cost element" and "automatic creation of cost element", what is it?

0 Answers

SAP FICO support level interview questions

2 Answers IBM, Sabero,

differnce between the 4.7& 6.0