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tell me Journal entries passed in system from the time of
good receipt to payment.

Answer Posted / radhika

there are three possible entries when receive goods and
payment:
goods receipt:

inventory of raw mat a/c dr
to goods receipt/
invoice receipt a/c

invoice verification:

goods recipt/invoice recipt a/c dr
to vendor a/c

vendor payment:

vendor a/c dr
to banka/c

Is This Answer Correct ?    21 Yes 3 No



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