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what is accounting entry once we receive GRN and inventory
accounting.?
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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 |
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 |
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 | 2 No |
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