Hello gurus
The issue is as follows...
We have received goods and GR is done.we have been consuming that material too
but still IR is not done.one yr passed and now we r in the middle of another fiscal year.
Now my doubt is what would happen to the IR?
how we will valuate the material?
What would be the impact to Vendor account and GR account?
How long we can maintain the GR Account as open?
Pls put soem light on this issue
Regards