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
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 |
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 |
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 |
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 |
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 |
Answer / soumik basu
inventory-Dr-1200
to
GR/IR cr 1000
Price difference-200
Is This Answer Correct ? | 2 Yes | 6 No |
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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