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What is the accounting of Purchase order

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Posted on by FA-03061000-0

Ellaborate any one thanks.

Also need answers of following questions

Q) What is Product Receipt n ERP? If different then explain.

Q) What is GR /IR account why we use it?

Q) Calculate with holding tax 20% at time of payment?

Q) How does settlement run in ERP?

Looking for responce thanks

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