PO made for 100 pcs and GR for 100 Pc but received the invoice for 110 pcs. How

PO made for 100 pcs and GR for 100 Pc but received the
invoice for 110 pcs. How you will address this ?

what is the account entry????

Question Posted / venkat

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PO made for 100 pcs and GR for 100 Pc but received the invoice for 110 pcs. How you will address th..

Answer / shammee

Entry at GR (MIGO)
Stock A/c Debit (BSX) 100
GR/IR A/c Creidt (WRX) 100-

Entry at IR (MIRO)
GR/IR A/c Debit (WRX) 100
Pricee Diff A/c Debit (PRD) 10
Vendor Account Credit 110-

Is This Answer Correct ?

15 Yes

8 No

PO made for 100 pcs and GR for 100 Pc but received the invoice for 110 pcs. How you will address th..

Answer / pp

GR:

Inventory account Dr 100
To GR/IR Account Cr 100

IR:
GR/IR Account Dr 110
Vendor Cr 110

After we have to issue the Credit memo
Vendor Dr 10
GR/IR Account Cr 10

Is This Answer Correct ?

5 Yes

1 No

PO made for 100 pcs and GR for 100 Pc but received the invoice for 110 pcs. How you will address th..

Answer / test

Issiue of Credit memo is correct action for this questions

Is This Answer Correct ?

4 Yes

1 No

PO made for 100 pcs and GR for 100 Pc but received the invoice for 110 pcs. How you will address th..

Answer / gk

The GR agrees with PO but IR differs with regard to
Quantity the Invoice is sent for.
There is no price difference involved here in.
So, we can not charge the same to price difference acct.

Is This Answer Correct ?

2 Yes

3 No

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