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Former Member
Jan 05, 2008 at 06:35 AM

accounts hit at GR

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at the time of GR system debits the stock account (BSX)

AND make a offsetting entry at the GR/ir clearing account

my query is why the sytem debits the STOCK ACCOUNT rather it should credit the stock account because we have procured the material and our stock and value of stock increases

what do u understand by offsetting entery