Migo Inventory Dr To GR/IR clearing Cr

What journal entry pass in the system when MIGO and MIRO
occured?

Question Posted / gopinath r

Answer Posted / gopinath r

Migo
Inventory Dr
To GR/IR clearing Cr

Miro
GR/IR Clearing Dr
To Vendor A/c Cr

Payment
Vendor A/c Dr
To Bank A/c Cr

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