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

Answer Posted / goutam gorai

1. When Purchase takes Place

Purchase A/C Dr.
To GR/IR A/C

2. When goods are verified of goods

GR/IR A/C Dr.
To Vendor A/C

3. Payment made to the vendor

Vendor A/C Dr.
Bank A/c

Is This Answer Correct ?    4 Yes 0 No



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