if purchase order is 1200 and we received GR for 1000.what are the entries and

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if purchase order is 1200 and we received GR for 1000.what
are the entries and what about the remaining goods 200.

Question Posted / saidulu.pulibandla

8 Answers
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if purchase order is 1200 and we received GR for 1000.what are the entries and what about the rema..

Answer / suresh

Inventory a/c debit - 1000 item
GR/IR Clg. a/c Credit - 1000 item
Remaining waiting for another GRN

Is This Answer Correct ?

6 Yes

1 No

if purchase order is 1200 and we received GR for 1000.what are the entries and what about the rema..

Answer / priya

INVENRTOY A/C Dr. 1000
TO GR/IR CLEARING A/C 1000

AGAIN WE CREATE 200 IN GR/IR CLEARING A/C

Is This Answer Correct ?

2 Yes

0 No

if purchase order is 1200 and we received GR for 1000.what are the entries and what about the rema..

Answer / bharath

Inventory a/c debit - 1000 item
GR/IR Clg. a/c Credit - 1000 item
Balance 200 remains unclear account

Is This Answer Correct ?

2 Yes

1 No

if purchase order is 1200 and we received GR for 1000.what are the entries and what about the rema..

Answer / kevin

INVENRTOY A/C Dr. 1000
Qty diff a/c dr 200
TO GR/IR CLEARING A/C 1200

Is This Answer Correct ?

2 Yes

1 No

if purchase order is 1200 and we received GR for 1000.what are the entries and what about the rema..

Answer / peter

the GR goes to GR/IR Clearing

the remaining 200 are waiting for another GR
the purchase order is not complete

Is This Answer Correct ?

3 Yes

3 No

if purchase order is 1200 and we received GR for 1000.what are the entries and what about the rema..

Answer / naveen kumar.karumuri

HERE PURCHASE ORDER IS -1200
GOODS RECD-1000
DIFFRENCE-200

ENTRY FOR THE,

DR-STOCK-1000-BSX
CR-GR/IR A/C-1000-WRX
DR DIFFERENCE PRICE-200-PRD

HERE DIFFERENCE IS TRANSFER FROM THE PROFIT AND LOSS A/C

Is This Answer Correct ?

1 Yes

1 No

if purchase order is 1200 and we received GR for 1000.what are the entries and what about the rema..

Answer / soumik basu

inventory-Dr-1200
to
GR/IR cr 1000
Price difference-200

Is This Answer Correct ?

2 Yes

6 No

if purchase order is 1200 and we received GR for 1000.what are the entries and what about the rema..

Answer / ravilla jagadeesh

For the received good entry is as below

Purchase a/c dr

to GR a/c

for unreceived goods entry is as below

Is This Answer Correct ?

1 Yes

9 No

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