What is the entry posted for GRN (Goods received Note)?
If the stock received from the party what entry have to post
in books? And in which a/c it has been hit?
- 2 Answers
- 17061 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
1. Material (which u r getting material name) A/C Dr. XXX
To GRN A/C Cr. XXX
(Being Material received.)
2. GRN A/C Dr. XXX
Vat Recoverable Dr. XXX (If Inside state Purchase)
To Party XXX
To TDS Contractor Payable
(Being stock received from the party)
Inventory a/c has been hit
| Is This Answer Correct ? | 18 Yes | 1 No |
Answer / prasad
1. GRN a/c dr XXX
To Party a/c XXX
Being GRN received from the party
2. Inventory RM a/c dr XXX
To GRN a/c XXX
Being stock received from the party
**** Inventory a/c has been hit
| Is This Answer Correct ? | 6 Yes | 5 No |
If a professional Musician hired for one time for Rs. 5000/-, is it compulsary to deduct the TDs from that amount?
why are cutting tds?
Expand-------SCAN
how to calculate share values of a company.
Please anybody explain me debit note & credit note & their importance in accounts?
Expand H B A
recently release the 6.0 version not succede in the market why?
how many accouting standrs?
what is the difference between public ltd company and private ltd company?
5 Answers Capital IQ, Project Management, Scope International, Yes Bank,
What is the difference between debit and credit?
Expand C C I T
how to do the finalise of account? what is the step? why we need to do like that?
Audit 
