Procurement - EBS (MOSC)

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Accounting Entries for an Approved PO

edited Jan 8, 2009 9:41PM in Procurement - EBS (MOSC) 2 comments
Can someone confirm the accounting entries when a PO is simply entered and approved.

I have been advised that the encumbrance does not actually occur until the PO has been received, is t his accurate? Surely if you have entered and approved a PO, the potential liability has or should be established and not just when you have received the goods.

Can someone advise please?


Thanks

Carlene 

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