PROCURE TO PAY Accounting Entries - P2 P Accounting Entries

	PROCURE TO PAY  Accounting Entries
			PROCURE TO PAY
	SR.NO	PARTICULARS	DR	CR	SPL NOTES	ACCOUNT IS PULLED FROM	SPECIFIC
	1	Creation of Requisition
		No Accounting
	2	Creation of Purchase Order
		No Accounting
	3	Receipt
		Receiving A/c	200		At PO Price	Receiving Option Setup	ORG
		AP Accrual A/c		200	At PO Price	Inventory Org Setup	ORG
	4	Devlivery
		Raw Material Sub Inventory A/c	160		At Standard Cost	Sub-inventory Material A/c Setup	SUB-INV
		PPV A/c	40		Diff between PO - Stnd	Inventory Org Setup	ORG
		Receiving A/c		200	At PO Price	Receiving Option Setup	ORG
	5	Invoice matching with PO
		AP Accrual Liability A/c	200		At PO Price	Receiving Option Setup	ORG
		Invoice Price Variance A/c	20		Diff between Invoice - PO	Inventory Org Setup	ORG
		AP Liability A/c		220	AT INV Price	Financial Options/Supplier Site
	6	On making Payment
		Liability A/c	22o		At Invoice Price	Financial Options/Supplier Site
		Cash		220	At Invoice Price	Bank A/c Setup