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if purchase order is 1200 and we received GR for 1000.what
are the entries and what about the remaining goods 200.
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Answer Posted / naveen kumar.karumuri
HERE PURCHASE ORDER IS -1200
GOODS RECD-1000
DIFFRENCE-200
ENTRY FOR THE,
DR-STOCK-1000-BSX
CR-GR/IR A/C-1000-WRX
DR DIFFERENCE PRICE-200-PRD
HERE DIFFERENCE IS TRANSFER FROM THE PROFIT AND LOSS A/C
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