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Former Member
Jul 17, 2012 at 07:37 AM

Regrouping of GR/IR Clrg A/c. F.19 and FSV

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Dear Expert,

In F.19 accounting entries are generated as below.

1. GR/IR Correction account Dr 1000

GR/IR -Liability A/c Cr 1000 (Goods Delivered but not invoiced)

2. GR/IR Asset Account Dr. 200

GR/IR Correction account Cr. 200 (Invoiced received but goods not delivered)

I am aware of the configuration.

But I would like to know how we accomodate above three GLs in Balances (Financial Statement Version)

What is business logic of doing this. Please explain the business use.

It does not make any posting to GR/IR Clearing Account? I am confused.

Best Regards

Ruksana