|
Receive Inventory - 5 items at $95.50 (Ex GST price) Purchase order value are reversed for physical inventory items |
||
|
General Ledger Account |
Debit |
Credit |
|
(I4) Expected Inventory Liability (Ex GST) W |
477.50 |
|
|
(I3) Expected Inventory Asset (Ex GST) W |
|
477.50 |
|
(I5) Delivered Inventory Asset (Ex GST) W |
477.50 |
|
|
(I6) Delivered Inventory Liability (Ex GST) W |
|
477.50 |
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