Inventory Control Manager Interview Question:

Do you know how is GR/IR account related to Inventory?

Submitted by: Muhammad

If you are involved with inventory, then you need the GR/IR account (Inventory Account) when the IR is posted.
If you are not involved about inventory, then the system does not need the GR/IR account when the IR is posted, the system needs a G/L instead of the GR/IR account.
Submitted by: Muhammad