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What is GR/IR and its grouping, whats the process for GR/IR
adjustments done?

Answer Posted / kishore

When ever we receive the goods and didn't receive the
invoice GR IR shows the debit and at the same time invoice
received and goods not received GR IR shows credit balance
to rectify these balances we will do GR/IR grouping.

Is This Answer Correct ?    4 Yes 2 No



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