tell me Journal entries passed in system from the time of
good receipt to payment.

Answer Posted / koteswara rao

THESE ARE THE FOLLOWING POSSIBLE ENTRIES GOODS RECEIPT TO
PAYMENT:

GOODS RECIEPT:
STOCK A/C-----------DR
TO GR/IR CLEARING A/C
INVOICE RECEIPT:
INVOICE RECEIPT A/C --------DR
TO VENDOR A/C
PAYMENT:
VENDOR A/C----------DR
TO BANK A/C

Is This Answer Correct ?    26 Yes 12 No



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