1) Goods receipt against purchase order for various material:a) Raw materials goods receipt against purchase order

(Movement type 101) Raw Material Inventory A/C Dr. 45000 To GR/IR clearing RM a/c To Freight clearing RM a/c b) Cr. 40000 Cr 5000

Packaging materials goods receipt against purchase order (Movement type 101) Packaging material Inventory A/C Dr. 22000 To GR/IR clearing PM a/c To Freight clearing PM a/c Cr. 20000 Cr 2000

c)

Traded materials (Goods purchased for resale) goods receipt against purchase order (Movement type 101) Traded Material Inventory A/C Dr. 30000 To GR/IR clearing Traded a/c To Freight clearing Traded a/c Cr. 25000 Cr 5000

d)

Stores and spares materials goods receipt against purchase order (Movement type 101) Stores and spares material Inventory A/C Dr. 30000 To GR/IR clearing Traded a/c To Freight clearing spares a/c Cr. 25000 Cr 5000

2) Invoice verification against purchase order for various material:a) Invoice verification for Raw Material against purchase order GR/IR clearing RM a/c Dr. 40000 Freight clearing RM a/c Dr 5000 To Vendor Cr 45000 b) Invoice verification for Packaging Material against purchase order GR/IR clearing PM a/c Dr. 20000 Freight clearing PM a/c Dr 2000 To Vendor Cr 22000 c) Invoice verification for Traded Material against purchase order GR/IR clearing Traded a/c Dr. 25000 Freight clearing Traded a/c Dr 5000 To Vendor Cr 30000 d) Invoice verification for Stores and spares against purchase order GR/IR clearing spares a/c Dr. 25000 Freight clearing spares a/c Dr 5000 To Vendor Cr 30000 e) Invoice verification for Raw Material (when there is 50% stock coverage) and vendor has charged higher price of Rs 2 per kg. Original price Rs 10. Good Receipt 100 kgs Good Issue - 50 kgs Good balance 50 kgs GR/IR clearing Raw Material a/c Dr. 1000 (Rs 10 *100kgs) Raw material stock a/c Dr 100 (Rs 2 *50 kgs stock available) Price difference Raw Material a/.c Dr 100 (Rs 2 *50 kgs stock not available) To Vendor 1200