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Jun 03, 2020 at 07:16 AM

Purchase A/c in SAP P2P Process

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In SAP P2P Process,

When Post MIGO the Accounting Entry will be generated as

Stock A/c Dr.

To GR-IR Clearing A/c Cr.

When Post MIRO the Accounting Entry will be generated as

GR-IR Clearing A/c Dr.

To Vendor A/c Cr.

But My question is, Where to reflect the Purchase A/c. Because when I Purchase on that time Stock is increase so that the Stock will be Debited but what is for Purchase A/c, because of Purchase A/c Balance is to be needed for Profit & Loss A/c.

Dear Experts Please suggest,

What is the Accounting Entry or Effect of Purchase A/c in this Process or Where should treated the Purchase A/c.