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in miro what is accounting entry along with tax?
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Answer Posted / chintan joshi
MIRO
GR\IR dr
VAT dr
Vendor cr
There are two more entries which is based material valuation
technique (i.e. V or S). If there lies difference between GR
price and Invoice price, entry would be
stock a/d dr/cr
Price diff dr/cr
(Among above entries Price diff will only derive if V the
price indicator.)
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