At the time of MIGO Stock/Consumtion account Dr. GR/IR Clearing A/

What journal entry pass in the system when MIGO and MIRO
occured?

Question Posted / ravinder.pathania

Answer Posted / ravinder.pathania

At the time of MIGO

Stock/Consumtion account Dr.
GR/IR Clearing A/c Cr.

At the time of MIRO

GR/IR Clearing A/c Dr.
Vendor A/c Cr.

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