Vani

• Nov 11th, 2015

 

AP entries gets generated when GRN are prepared hence showing the Credit balance in vendor accounts.
Credit Balance is outstanding payment the needs to be paid.
Booking of correct expenses with merging the old data. We get the accurate expense details.

siva

• Dec 27th, 2015

 

I want more information about accounting and finance

nishant tyagi

• Mar 9th, 2017

 

1. Inventory Receiving A/C Dr.
To Accrual/Goods Clearing
2. Accural/Goods Clearing A/c Dr
To Accounts payable
3. Accounts payable a/c Dr.
To Bank Clearing A/c
4. For Reconciliation-
Bank clearing A/c Dr.
To Bank A/c