if purchase order is 1200 and we received GR for 1000.what
are the entries and what about the remaining goods 200.

Answers were Sorted based on User's Feedback



if purchase order is 1200 and we received GR for 1000.what are the entries and what about the rema..

Answer / suresh

Inventory a/c debit - 1000 item
GR/IR Clg. a/c Credit - 1000 item
Remaining waiting for another GRN

Is This Answer Correct ?    6 Yes 1 No

if purchase order is 1200 and we received GR for 1000.what are the entries and what about the rema..

Answer / priya

INVENRTOY A/C Dr. 1000
TO GR/IR CLEARING A/C 1000

AGAIN WE CREATE 200 IN GR/IR CLEARING A/C

Is This Answer Correct ?    2 Yes 0 No

if purchase order is 1200 and we received GR for 1000.what are the entries and what about the rema..

Answer / bharath

Inventory a/c debit - 1000 item
GR/IR Clg. a/c Credit - 1000 item
Balance 200 remains unclear account

Is This Answer Correct ?    2 Yes 1 No

if purchase order is 1200 and we received GR for 1000.what are the entries and what about the rema..

Answer / kevin

INVENRTOY A/C Dr. 1000
Qty diff a/c dr 200
TO GR/IR CLEARING A/C 1200

Is This Answer Correct ?    2 Yes 1 No

if purchase order is 1200 and we received GR for 1000.what are the entries and what about the rema..

Answer / peter

the GR goes to GR/IR Clearing

the remaining 200 are waiting for another GR
the purchase order is not complete

Is This Answer Correct ?    3 Yes 3 No

if purchase order is 1200 and we received GR for 1000.what are the entries and what about the rema..

Answer / naveen kumar.karumuri

HERE PURCHASE ORDER IS -1200
GOODS RECD-1000
DIFFRENCE-200

ENTRY FOR THE,

DR-STOCK-1000-BSX
CR-GR/IR A/C-1000-WRX
DR DIFFERENCE PRICE-200-PRD

HERE DIFFERENCE IS TRANSFER FROM THE PROFIT AND LOSS A/C

Is This Answer Correct ?    1 Yes 1 No

if purchase order is 1200 and we received GR for 1000.what are the entries and what about the rema..

Answer / soumik basu

inventory-Dr-1200
to
GR/IR cr 1000
Price difference-200

Is This Answer Correct ?    2 Yes 6 No

if purchase order is 1200 and we received GR for 1000.what are the entries and what about the rema..

Answer / ravilla jagadeesh

For the received good entry is as below

Purchase a/c dr

to GR a/c

for unreceived goods entry is as below

Is This Answer Correct ?    1 Yes 9 No

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