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What do you mean by Goods Clearing ? What are the journal
entries for Clearing of Goods ?

Answer Posted / ramu naidu

For Goods clearing journal entries are happened like that

When goods received againest PO entry will be

Inventary Rawmaterial a/c Dr

To GR clearing a/c

When Invoice is raised entry will be

GR clearing a/c Dr
TO Vendor a/c

Is This Answer Correct ?    16 Yes 5 No



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