Answer / pops

When Received :
--------------------
Receiving inventory A/c Dr
AP Accrual A/c CR

Inventory to Staging:
-------------------------
Asset Clearing A/c DR
Receiving Inventory A/c CR

When Invoice Raise:
------------------------
AP Accrual A/c Dr
Liability A/c Cr

Using Cash Clearing:
------------------------
Liability A/c Dr
Cash Clearing A/c Cr

Reconciliation:
----------------
Cash Clearing A/c Dr
Cash A/c Cr

In Assets:
=======
Asset A/c Dr
Asset Clearing A/c Cr

Answer / vijay

At the time of enter the Invoice (Asset item)
Asset Clearing A/c DR
TO Liability A/c CR

Add The Asset in FA
Asset Cost A/c DR
TO Asset Clearing A/c CR

What is the purpose of receiving transactions?

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