This is an intereview question. Plz some one answer for this.
If 100 GRN notes are received by a company i,e goods have been received by the company, but bills have not been received for those. Soo do we enter this transaction in P&L a/c when we are preparing P&L a/c...?
What will be the effect of this entry?
What journal entries should be passed for this type of transaction when it takes place in a company....?
Menu
problem?
Replies (1)
purchase A/c Should be debited &
provision for purchase A/c should be credited
through JV for Goods received but invoice not received
Recent Topics :
- IPO application checklist: 18 rules that decide wh
- NSE IPO Price, GMP, Allotment Date and Listing
- Gst tax rate
- Cash deposited by customer
- CAPITAL GAIN REG
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
- Discrepancy in Auto populated figures in GSTR1 of
- What should I do after receiving a GST Show Cause
- Discuss and Download CA Inter Question Paper Septe
Related Topics :
CAclubindia
