Skip to Content
0
Former Member
May 16, 2008 at 04:36 AM

Issue on GR but no IR

24 Views

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