Hi Everyone
I have been trying to get authentic answer to this question since long now, Can someone please tell me I faced this question during a competitive exam.
What is the Journal Entry for a PO in the books of accounts?
I think there isn't any JE to be posted until the GRN has been done or invoice has been raised, Am I right?
Regards
Sahil
when a PO is issued no entry is passed in the books of account as no party has executed its obligations.
Correct, No accounting entry for PO.
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
Getmyca Consultant Pvt Ltd
New Delhi
CA Inter
View Details
Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
View Details
Hema Yashwanth & Associates
Chennai
B.Com
View Details
CCI
Pro
CAclubindia
