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?

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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