How can Goods Received Note (GRN) be cancelled?

Answer Posted / madhulika2011

We can make reverse entry.

vendor a/c Dr.
To Purchase a/c Cr.

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is mean by T and E cosept

1589


what is absorbtion coasting?

1844


in accounts welding institute which category will come for example 1. recruitment con.pvt ltd. is man power recruit category ,so iwant to welding institute (learning welding and fibrication)

1646


Expand-------SNAT

1509


what is contigent liabilities? whats it status in balance sheet?

1767






what is buy bach shares?

1627


an amount deducted from the catalog price for an item of merchandise is called?

14290


define accounting,scope of account , types of account ?

3081


Prepare a trading account, profit and loss Account and Balance sheet form the following trail balance and other adjustments as on 31.12.2009 Adjustments: 1. Closing stock R 7060 2. Allow interest on capital at 6% p.a 3. Insurance prepaid Rs 60 4. Depreciate Building and furniture at 10% p.a. 5. Wages due Rs 40 6. Provide 10% RBD and 5% on debtors and creditors 4. From

1982


what are responsibilities of an accountant in a company?

1605


WHAT IS THE DIFFERENCE BETWEEN PUBLIC COMPANY AND PRIVATE COMPANY? MUTUAL FUNDS? GOOD WILL? ABOUT YOUR PROJECTS?

1641


how i got knowledge about custom and excise i want rate list of custome and excise how we summit return of custom and excise , Is it include with ser. tax

1678


paid two years rent N1200, bought Motor van for cash N3000

1592


drawings by making a DD from bank ( suppose payable towards UIT ) and on cancellation on such DD what journal entry needs to be passed ?

997


what is purchase consideration?

1688