1. When Purchase takes Place Purchase A/C Dr. To GR/IR A/C 2. When

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

Question Posted / goutam gorai

7 Answers
46635 Views
HCL, Suzlon, I also Faced
E-Mail Answers

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

Post New Answer View All Answers

Please Help Members By Posting Answers For Below Questions

What is the main activities of Assessment Cycle? and how it works? plz. give the configuration in details.

2387

In initial project resources how can u distribute 1 crore amount among various modules like FI,CO,HR,PP,MM,SA,ABAP & BASIS etc.

1943

Will the fi document be created with the purchase order (po)? : fi- accounts payable

1064

Explain co automatic account assignment? : co- cost center accounting

968

Why does the system not calculate variance for the 500 kgs which has been delivered?

996

What are the use of document types ?

1010

Can you open a posting period only for a particular user?

1297

What are roles you have played in roll out project ?

1029

What is cost based profitability analysis? : cost center accounting

1004

What is a depreciation key? : fi- asset accounting

1038

What is the basic difference in wip calculation in product cost by order and product cost by period (repetitive manufacturing)?

1189

What are price reports? Where do you find them in sap system? : cost center accounting

1020

Is it possible to maintain plant wise different gl codes?

1695

What are the common reasons for errors in accounting?

1067

tell about u r business proceses?

2298