Answered Questions

  • How to place journal entry for purchase order in books of account ?

    Star Read Best Answer

    Editorial / Best Answer

    dhulipala  

    • Member Since Jun-2010 | Jun 24th, 2010


    Generally there is no journal entry at the time when one receives a purchase order as this receipt of purchase order cannot be recognized as revenue at this point of time.

    But under following circumstance there would be an entry:
    when any advance is received:-

    Cash/ Bank Dr
                    Party account
                              

    AMOL

    • Nov 16th, 2017

    What are PO and GRN Journal?

    prasoon

    • May 14th, 2015

    1st Qustn Anw
    Received 4000
    Discount allowed 1000
    Bad debt. 5000
    To Debtor. 10000.