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What is the entry posted for GRN (Goods received Note)?
If the stock received from the party what entry have to post
in books? And in which a/c it has been hit?
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Answer Posted / prasad
1. GRN a/c dr XXX
To Party a/c XXX
Being GRN received from the party
2. Inventory RM a/c dr XXX
To GRN a/c XXX
Being stock received from the party
**** Inventory a/c has been hit
| Is This Answer Correct ? | 6 Yes | 5 No |
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