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what is accounting entry once we receive GRN and inventory
accounting.?

Question Posted / prasanna kumar sahoo

Answer Posted / prasanna kumar sahoo

For GRN
Inventory receiving a/c Dr.
AP Accrual a/c Cr.

For Inventory Accounting
Inventory valuation a/c Dr.
Inventory receiving a/c Cr.

Is This Answer Correct ?    9 Yes 1 No



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