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How can we link open purchase orders to GRIR account and advances to vendors in ERP based clients?

Internal Audit
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Question added by Nabeel Ehsan , Senior Manager Internal Audit , AWRostamani Group
Date Posted: 2014/07/09
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fahed Bin yasser
by fahed Bin yasser , Senior Accountant , Parsons International Limited

We can link the open purchase orders to the GRIR account through service entry as follows

First entry  :

Dr. Exp / Capex a/c

Cr. GRIR a/c

 

2nd entry:

Dr. GRIR a/c

Cr. Vendor a/c

 

3rd entry:

Dr. Vendor a/c

Cr. Bank a/c

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