Goods received note

Others 1099 views 3 replies

Hi,


Please let me know how Goods Received Note (GRN) be cancelled?


Thanks in advance.

 

Regards,

Tenny Thomas

Replies (3)

Hi,

U just need to reverse the entry..

 

Vendor A/c Dr.

To Purchase Returns a/c...

When goods comes the following entry made with movement code 101      Store & Cons. Account Dr

                                                                                                                                                     To GR/IR A/c

& cancel with movement code 102    by reversing the above entry

Kindly tell me whether GRN is to be prepared for Receiving Assets....

Please respond back...

 

 


CCI Pro

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