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Accrued Purchases and Goods in Transit Balance After Vendor Return (No Vendor Bill)
Hi Everyone,
I would appreciate your guidance on the below scenario.
We created a Purchase Order for imported items (total value: 1,000). The items were received (Item Receipt/GRN), and the GL impact was:
- Dr Inventory
- Cr Accrued Purchases
There were no additional costs involved.
The items were used temporarily for an event and then returned to the vendor. Since the vendor is not billing us for these items, no Vendor Bill has been or will be created.
To return the goods, we created a Vendor Return Authorization from the PO and then processed the Item Fulfillment. The GL impact of the fulfillment is:
1