Interested to Buy Any Domain ? << Click Here >> for more details...
What is GR/IR documet? why to use it? when to use it? what
is the Menu- Path for GR/IR document? Please some body
explain it...
- 3 Answers
- 8316 Views
- Yash Technologies, I also Faced
- E-Mail Answers
Answer Posted / cecil
GR/IR account is an intermediate account or adjustment account. When goods are ordered through a PO, the goods are invoiced and shipped.
However when the goods are received and invoice not yet sent/received the following happens. The inventory is debited and GR/IR account credited.
Inventory dr
GR/IR account Cr.
When the invoice is received, the GR/IR account is Debited and the Vendor is credited.
GR/IR account Dr.
Vendor account Cr.
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
The function code at presently active is determined by what variable?
What is done by gr/ir regrouping program?
What is the cash management? : fi- general ledger
what is mixed costing in product costing? please send to me
Explain manual cost allocation? : co- cost center accounting
What are the implications if the operation scrap is maintained in the routing and if it maintained in the bom?
Overview of G/L account :- Dear, what type of G/L account use in SAP.How to see all type of G/L account in sap those are used in a organization
What are recurring entries and why are they used?
Explain the organizational assignment in the controlling module?
How do you configure electronic bank statement?
What are the important organizational units in fi?
What are group assets?
What is short-end fiscal year?
How to calculate WIP in "product cost by sales order scenario", where multiple production orders are raised against one sales order?
How can you manually clear open items? When? : fi- general ledger accounting
