What do you mean by Goods Clearing ? What are the journal
entries for Clearing of Goods ?
Answers were Sorted based on User's Feedback
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 |
Answer / veerababu
Goods Clearing is related to Inventary Management. Whenever
Goods received against purshage order throught MIGO T.code
then GR/IR A/c Dr and Party A/c Cr. So Goods clearing
account automatically clear.
Is This Answer Correct ? | 8 Yes | 6 No |
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