What is the entry posted for GRN (Goods received Note)?
If the stock received from the party what entry have to post
in books? And in which a/c it has been hit?
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1. Material (which u r getting material name) A/C Dr. XXX
To GRN A/C Cr. XXX
(Being Material received.)
2. GRN A/C Dr. XXX
Vat Recoverable Dr. XXX (If Inside state Purchase)
To Party XXX
To TDS Contractor Payable
(Being stock received from the party)
Inventory a/c has been hit
| Is This Answer Correct ? | 18 Yes | 1 No |
Answer / prasad
1. GRN a/c dr XXX
To Party a/c XXX
Being GRN received from the party
2. Inventory RM a/c dr XXX
To GRN a/c XXX
Being stock received from the party
**** Inventory a/c has been hit
| Is This Answer Correct ? | 6 Yes | 5 No |
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