Its an offsetting a/s, where u post when goods received and invoice not r

What is GR/IR account? Why do you maintain that? Explain the
importance of GR/IR clearing account.

Question Posted / rajaram

Answer Posted / rajaram

Its an offsetting a/s, where u post when goods received and
invoice not received and invoice received and goods not
received.

Is This Answer Correct ?

52 Yes

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