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Answer Posted / mahesh babu
Whwn we gor p2p, mainly we can see 5 entires.
1. when we recive the goods from staging area?
Recieving Inv a/c dr
To AP Acrual a/c cr
2.whe we transfer the goods from recving to Sub Inv?
Inv a/c dr
To Rec Inv a/c Cr
3. When we record the Purchase Invoice ?
AP Acrual a/c dr
To liabilty a/c cr
4. when we make Payment?
Laibilty a/c dr
To Cash Clearing a/c cr
5. when we Reconsile payments?
Cash Clearing a/c dr
To Cash a/c cr
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