we have a situation here we have recieved Goods( raw materilas) and vendor is posting any invoices for these goods for the last 2 years . so our business wants to treat the stock as profit to us. Now they are asking advice how to post these stock to P&L account and clear GR/IR clearing account.
at present entry is like this
Cr GR/IR clearing account.
in what way we can post clear Gr/IR account and post the profit to P&L account.
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