tell me Journal entries passed in system from the time of
good receipt to payment.
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Answer Posted / radhika
there are three possible entries when receive goods and
payment:
goods receipt:
inventory of raw mat a/c dr
to goods receipt/
invoice receipt a/c
invoice verification:
goods recipt/invoice recipt a/c dr
to vendor a/c
vendor payment:
vendor a/c dr
to banka/c
| Is This Answer Correct ? | 21 Yes | 3 No |
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