how to change Acc, Accrual Account to INVENTORY IN TRANSIT.

My question 2 way match PO invoicing level, what is the figure getting reported in BALANCE SHEET.

Debit accrual and credit liability and at balance sheet level, both falls under liability side.

So at any given day, invoices booked will not be shown as liability in Balance sheet (accrual dr will offset liability cr)

For e.g, if AP books one invoice of USD 1000/- on 21/JAN/2021, with 2 way match PO, system will show dr 1000 in accrual & cr 1000 on liability, with no impact on financials,

I think, Which is not right.. it should be “INVENTORY IN TRANSIT” debit and credit “liability”, so that both sides of balance sheet is affected.