infantpragash

 Profile Answers by infantpragash 

• Nov 4th, 2009

 

While receiving a Service or Product
1. Dr Inventory a/c
    Cr Accounts payable a/c
Creation of Voucher
2. Dr Expenses a/c
    Cr Inventory a/c
Creation of Payment entry
3. Dr Accounts Payable a/c
    Cr Bank a/c
If any Purchase Returns
4. Dr Accounts Payable a/c
    Cr Inventory/Expenses a/c

MK Rao

 Profile Answers by MK Rao 

• Dec 8th, 2009

 

While create receiving items

Receiving Inventory account A/C DR
Inv Ap Accrual A/C
While deleivering items to Sub Inventory
Material A/c Dr
Receiving INV A/c
While crat invoice in AP
Inventory ap accrual A/CDR
Accounts Paybles OR liability A/c
While making Payment
Liability A/c Dr
Cash clearing A/c
While reconsile payments
cash clearing A/C DR
Cash A/c
All the above entries are for P2P Cycle

thirupathi

• Aug 11th, 2011

 

Purchaser a/c Dr.
To Supplier a/c

Baljinder

• Aug 17th, 2011

 

Purchasing goods on credit
Inventory........Dr
Accounts payable....Cr

Paying to Accounts Payable
Accounts Payable.....Dr
Cash/Bank.......Cr

returning Material to supplier
Accounts Payable .....Dr
Inventory...........Cr

Hari Prasad

• Sep 2nd, 2011

 

Invoice Raised :

Stock..............Dr
GRNI ............Cr

Invoice Processed :

GRNI..........Dr
Vendor..............Cr

Invoice Paid:

Vendor ..................Dr
Bank.............Cr

syed

• Sep 9th, 2011

 

purchase a/c dr
To vendors a/c

NAVEEN NEGI

• Sep 13th, 2011

 

Purchase A/C Dr

To Suppliers A/C


Suppliers A/C Dr
To Bank A/C

albadar08@rediffmail.com

• Oct 1st, 2011

 

DR CR.
Goods A/C 00.00
Cash / Bank A/C 00.00

Sandeep Kumar

• Nov 17th, 2011

 

Accounting entries for AP strats once Matching Process In PO has been Done

1.After Delivering Of Goods Our Inv Increases,So

Acc.Inv A/C.......Dr
To Acc Expenses A/C

Once Goods Sent Appropriate Department in Org At that time

Acc Expenses A/C ....Dr
To Acc Liability A/C

After this we will create the invoice at that time

Acc Liability A/C........Dr
To Liability A/c

Once we made the payment At that time

Liability A/C.........Dr
To Bank A/c

Once Payment Remitted in Bank At that time

Bank A/C........Dr
To Cash A/C

gns.ravi

 Profile Answers by gns.ravi 

• Apr 10th, 2012

 

Entries in Accounts payable process:

Inventry A/c Dr
To GR / IR A/c
(Being Goods received)

GR / IR A/c Dr
To Vendor A/c
(Being invoice received)

Vendor A/cDr
To Bank A/c
(Being payment made)

shankar

• Aug 20th, 2012

 

dep a/c dr
to machinery account

mallika

• Dec 10th, 2013

 

GOODS/INVENTORY A/C....DR
GR/IR A/C................................CR
(being goods recvd),

GI/RI A/C ....DR
VENDOR A/C....CR
(being invoice recvd ),

VENDOR A/C ....DR
BANK CLEARING / CASH A/C...CR
(being payment made ) ,

BANK CLEARING A/C...DR
BANK A/C.......................CR
( being bank reconciliation )

veena

• Jan 1st, 2014

 

Entries in Accounts payable process :
Inventry A/c Dr
To GR / IR A /c
( Being Goods received)
GR / IR A /c Dr
To Vendor A /c
( Being invoice received )
Vendor A /cDr
To Bank A /c
( Being payment made )

P MUNISEKHAR

• Aug 21st, 2014

 

inventary a/c dr to account payable a/c

Raju

• Nov 24th, 2014

 

Gl means

geet

• Nov 26th, 2014

 

inventory a/c dr to accounts pay

Hari krishnan Mani

• Nov 27th, 2014

 

Goods Received Ware House
1. Dr Inventory a/c
Cr GRNI a/c
2. Inv. Register in our system
Dr RI a/c
Cr Trade a/c
3. Receipts Matched/Approved
Dr GRNI a/c
Cr RI a/c
4. Inv. Paid
Dr Trade a/c
Cr Bank a/c

kalyanam

• Jan 15th, 2015

 

Acccounts payable entries

surendra

• Feb 25th, 2015

 

1. the Goods Receipt:
Inventory a/c Dr xxxxxx
To GR/IR a/c xxxxxx
2. Invoice Receipt
GR/IR a/c Dr xxxxx
To Vendor a/c xxxxx
3. Vendor Payment
Vendor a/c Dr
To Cash/Bank a/c

Rashid Sabri

• Apr 3rd, 2016

 

How to make entry of tax invoice and sales invoice and purchase invoice?

ARAVIND

• Jan 25th, 2017

 

Entries in Accounts payable process :
Inventry A/c Dr
To GR / IR A /c
( Being Goods received)
GR / IR A /c Dr
To Vendor A /c
( Being invoice received )
Vendor A /cDr
To Bank A /c
( Being payment made )

Yogeesha

• Jul 21st, 2017

 

When Material Purchase.
Purchase account Dr XXX
To Supplier A/c XXX
When Making Payment
Supplier A/c Dr XXX
To Bank A/c XXX

Ravikiran

• Sep 29th, 2017

 

Purchase A/c dr
To vendor A/c

sadhna

• Oct 14th, 2017

 

Inventory Receiving a/c dr
To Goods clearing a/c


Inventory valuation a/c Dr
To Inventory receiving a/c

Goods clearing a/c Dr
To suppliers liability a/c

Supplier liability a/c Dr
To Bank clearing a/c

Bank clearing a/c Dr
To Bank a/c

Shaz

• Nov 3rd, 2017

 

Invoice receipt.
Inventory AC Dr
To GR/IR ac.
Goods receipt.
GR/IR Ac Dr
To Supplier/ Vendor Ac.
Paying Invoice.
Supplier/Vendor Ac
To Bank Ac.

Anitha reddy

• Jan 31st, 2018

 

Inventory account DR
To, Grin account.
Grin account DR
To, vendor account.
Vendor account DR
To, bank/cash account