what is accounting entry once we receive GRN and inventory
accounting.?

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what is accounting entry once we receive GRN and inventory accounting.?..

Answer / prasanna kumar sahoo

For GRN
Inventory receiving a/c Dr.
AP Accrual a/c Cr.

For Inventory Accounting
Inventory valuation a/c Dr.
Inventory receiving a/c Cr.

Is This Answer Correct ?    9 Yes 1 No

what is accounting entry once we receive GRN and inventory accounting.?..

Answer / mahesh babu

For GRN

Inventory receiving a/c Dr.
AP Accrual a/c Cr.

For Inventory Accounting
Inventory valuation a/c Dr.
Inventory receiving a/c Cr.

Is This Answer Correct ?    0 Yes 0 No

what is accounting entry once we receive GRN and inventory accounting.?..

Answer / kondasani narsireddy

When we are grn
Inv receivable a/c dr
Apn accrual a/c cr

Goods moving to inv
Item expense a/c dr
Inv receivable a/c cr

Is This Answer Correct ?    0 Yes 1 No

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