What are the journal entries in Procure to Pay Cycle?
Submitted by: Administrator
when we receive the material after approve of purchase order 1 . when the Material Received at the Gate Receiving A/C Dr Material AP accrual A/C Cr2. When the Material delivered to The Inv Org Material A/c Dr Purchase Price Variance A/c Dr Receiving A/c Cr3. When the Invoice Is enterd into the Payable with Matching Of PO Material Ap Accrual A/c Dr Invoice Price Variance A/c Dr AP Liability A/c Cr
Submitted by: Administrator
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