We want to know the mapping of ledger entries of parts from P.O to make payment vouchers to a vendor.
CETEC ENTRIES MAPPING
- At the time of receiving of material ledger entry show
Dr inventory and Cr Accrued
- At the time of add voucher entry show
Dr cost of sale and Cr Accrued
- At the time of make payment entry show
Dr Accrued and Cr Bank/Cash
Now we are confused at 2nd entry it should Cr inventory rather than Accrued. Please guide us as early as possible and how can we resolve the issue of mapping.