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Re: Issuance of Goods to vendor as payment to outstanding debt

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Hi Dryan,

 

You mean to say you want to clear the vendor balance by inventory. If yes, then you have 3 options.

 

1.Create a vendor as a customer and create a sale order and do billing. With this customer balance you can set up vendor balance.

 

2.Issue to goods to cost centre by movement type 201/551(Scrapping) and post vendor a/c dr and consumption a/c Cr. With this posting your inventory will also get reduced and your vendor balances also get cleared

 

3.Post manually by posting inventory A/c Cr to vendor A/c Dr. But here your stock not cleared.

 

Regards,

Mukthar


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