If there is a balance on GR ; what we need to do ?
- 3 Answers
- 10498 Views
- Accenture, I also Faced
- E-Mail Answers
Answer Posted / vijay
GRIR is a clearing account so the account should always be
cleared with out balances it means there is some invoice
pending for payment we have to post the invoice , if there
is no invoice we have to credit to vendor payable liability
account later if vendor provides balance invioce again
debit liabilty account and credit GRIR account then again
debit GRIR credit vendor account .So that clearing account
will be closed
| Is This Answer Correct ? | 5 Yes | 1 No |
Post New Answer View All Answers
Difference between depreciation ,accumulated depreciation and apc? What is apc?
While we are doing data migration, how you upload partially closed invoices.
What is the difference between account based profitability analysis and costing based profitability analysis?
What is a posting period?
What are the master data pre-requisites for document clearing?
explain automatic payment program? : fi- accounts payable
What are substitutions and validations?
What is the difference between the chart of account view and company code view when maintaining a gl account?
What do you mean by balances in local currency only? : fi- general ledger master data
Name some settlement receivers for co internal orders?
What are the components in financial statement version? : cost center accounting
What is a screen layout? : fi- general ledger master data
Explain a plan profile? : co- cost center accounting
Can one chart of accounts be assigned to several company codes?46
Differentiate between account assignment model, recurring entries, and sample document. : fi- general ledger accounting
