What do you mean by Goods Clearing ? What are the journal
entries for Clearing of Goods ?
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Answer Posted / ramu naidu
For Goods clearing journal entries are happened like that
When goods received againest PO entry will be
Inventary Rawmaterial a/c Dr
To GR clearing a/c
When Invoice is raised entry will be
GR clearing a/c Dr
TO Vendor a/c
| Is This Answer Correct ? | 16 Yes | 5 No |
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