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Question
When we will use GR/IR clearing A/c?
 Question Submitted By :: FI-CO
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
It is G/L Account (Balance-sheet: Liability) in SAP.
We use this account for purchasing from Purchase Order only
because in this account posting makes automatically through
MM to FI. (Standard Practice)

Purpose: GR/IR clearing A/C holds the value of GR(MIGO) &
When create the Invoice w.r.t P.O. it flush the value from
the A/C.

Hope this is Helpful..!!

Please post answer if you have more info.
 
Is This Answer Correct ?    10 Yes 1 No
Durgesh M. Kadam
 
Answer
# 2
GR/IR Clearing a/c is used in Automatic account posting while doing the Goods Reciept (MIGO)

stock a/c Dr
to GR/IR clearing A/c MIGO -Goods Reciept


In MIRO

GR/IR clearing A/c Dr MIRO
To Vendor A/c
 
Is This Answer Correct ?    3 Yes 1 No
Amit Chandola
 
 
 
Answer
# 3
If there is a quantity variance between the goods receipt
and the invoice for a purchase order, this results in a
balance on the GR/IR clearing account. The system expects an
additional goods receipt or an additional invoice to clear
this balance. If this is not done, you must clear the GR/IR
clearing account manually.
MB5S Tcode for list of GR/IR Balances.
MR11 Tcode for Maintain list of GR/IR Bala
 
Is This Answer Correct ?    1 Yes 0 No
Pp
 

 
 
 
Other FI CO Interview Questions
 
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Where do we include the dunning charges / where do we show the dunning charges in the system ?Please let me know how to treat charges /tax/insurance ?? IBM 3
Hi Gurus, I have faced a problem while trying to post a withholding tax. I configure the withholding tax fully and after that i have also assigned it to vendor of my company code.When i'm posting that vendor a/c with withholding tax, the tax has been calculated, but when i'm trying to post it delivers an error message to me- i.e. "could not determine the year for TDS certificate number range". Plz, help me out from this.   1
What is difference between TAXINJ and TAXINN?   3
why we have to give GL no. between 6 to 10? CTS 4
Hi Can i know what is the Meaning of these in Asset Management. Depreciation key with IN3 - 15% and period control IT/IT/NL/NL (What is ment by IT/IT/NL/NL)   1
while running MIGO i had an error "no.range for trans/event type WE in year 2012 does not exist" how i solve this   4
Asset reversal prior year in SAP. Could you please let me the process to reverse a prior year of an asset with depreciation and the risk that it might involved? Many thanks M&M-Associates 2
In FI Invoice transactions are not getting posted to a customer account. Possible reasons can be   7
In PC for the std cost of proc raw material say A,B,c,D with prices 11,14,10,16 and if I want to pick price 14 as std cost of a product how would you do the configuration in CO-PC   1
I have Q in APP, scenario: I have a situation where a vendor have two bank accounts. He preferred to make a payment of 1000Rs to one account and 1000 Rs to another account. So how can we configure in APP to make this payment for vendor? kpit 6
 
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