Instead of using GR/IR clearing account why cant we use provision for sundry cr

Instead of using GR/IR clearing account why cant we use
provision for sundry creditors, if yes then why SAP using
GR/IR Clearing Account

Question Posted / kishorr76

4 Answers
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Instead of using GR/IR clearing account why cant we use provision for sundry creditors, if yes the..

Answer / lavanya vedula

SAP uses the GRIR clearing a/c as it doesnt want to accept
a liability by crediting the vendor a/c.Aliability can be
accepted only when the goods have been recieved and the
invoice checked.When the invoice is recieved, GRIR is
debited, the vendor a/c is credited & thus we can accept
liability with the vendor.

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Instead of using GR/IR clearing account why cant we use provision for sundry creditors, if yes the..

Answer / narendra deshmukh

GR / IR IS THE PROVISION ACCOUNT WHICH IS USED FOR GR IR
CLEARING AND BY THE HELP OF WHICH WE CAN TRANSFER THE
AMOUNT TO THE CREDITORS,

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2 Yes

1 No

Instead of using GR/IR clearing account why cant we use provision for sundry creditors, if yes the..

Answer / dheeraj sachdev

GR/IR account is exactly the same thing as provision for sundry creditors. I assume you mean "provision for sundry creditors" is not the same as the actual creditor account.

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Instead of using GR/IR clearing account why cant we use provision for sundry creditors, if yes the..

Answer / kumar

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1 Yes

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