Answer / deeksha

The Journal entries on goods receipt to payment is
Goods Receipt:
Stock a/c dr
To gr/ir a/c

Invioce recipt:
Gr/ir a/c dr
TO vendor a/c

Payment:
vendor a/c dr
To bank a/c

Answer / radhika

there are three possible entries when receive goods and
payment:
goods receipt:

inventory of raw mat a/c dr
to goods receipt/
invoice receipt a/c

invoice verification:

goods recipt/invoice recipt a/c dr
to vendor a/c

vendor payment:

vendor a/c dr
to banka/c

Answer / koteswara rao

THESE ARE THE FOLLOWING POSSIBLE ENTRIES GOODS RECEIPT TO
PAYMENT:

GOODS RECIEPT:
STOCK A/C-----------DR
TO GR/IR CLEARING A/C
INVOICE RECEIPT:
INVOICE RECEIPT A/C --------DR
TO VENDOR A/C
PAYMENT:
VENDOR A/C----------DR
TO BANK A/C

Answer / rajesh rabari

Check The following accounting entry for the Material
receipt to Payment.

1) Goods Receipt (MIGO)

Stock Acc Dr

to Gr/IR Account Cr


if material is excisable.

than need to be posting accounting for excise part 2.

Input Excise (receivable) Dr
to Cenvat Clearing cr


Invoice receipt (MIRO)

Gr/IR Dr
Cenvat Clearing DR
To Vendor Cr

Payment


Vendor Dr

to Outgoing bank/Cash Cr

Answer / sarwar husain (mba, mcom)

Entries followed by MNCs.
1:Purchase of Goods A/C Dr.
To GR/IR A/C

2:GR/IR A/C Dr.
To Vendor's GL A/C

3:Vendor's GL A/C Dr.
To Bank's GL A/C

Entries followed by other big/medium players.
1:Purchase of goods A/C Dr.
To Goods reciept note(GRN)A/C

2:GRN A/C Dr.
To Invoice payble A/C

3:Invoice payble A/C Dr.
To Bank A/C

Entries followed by SMEs.
1: Purchase A/C Dr.
To Vendor A/C
2: Vendor A/C Dr.
To Bank A/C

Answer / goutam gorai

1. When Purchase takes Place

Purchase A/C Dr.
To GR/IR A/C

2. When goods are verified of goods

GR/IR A/C Dr.
To Vendor A/C

3. Payment made to the vendor

Vendor A/C Dr.
Bank A/c

Answer / sarwar husain

Purchase of goods A/C DR
To GRIR A/C

GRIR A/C DR
To Vendor's GL(No.) A/C

Vendor's GL(No.) A/C DR
To Bank's GL(No.) A/C

error msg n0. 5102 ,while posting transactions in f-28 for clearing of invoice of customer ,getting error a/c num 200103(bank g/l) is not cleared in comapny code

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