During the goods receipt process, the general ledger accounts that receive postings include:
* Consumption account (C): When goods are received for consumption (e.g., for a cost center, project, or order), the consumption account is debited to reflect the increase in expenses related to the consumed materials.
* GR/IR account (D): The Goods Receipt/Invoice Receipt (GR/IR) account is a temporary account used in the procurement process. It is credited during the goods receipt to record the obligation to pay the supplier, balancing the entry in the consumption account or asset account.
* The Vendor reconciliation account (A)is affected when the invoice is posted, not at the goods receipt stage.
* The Tax Account (B)may be affected if the goods receipt involves taxable goods, but it is not one of the primary accounts affected by the goods receipt process itself.