As long as the invoice is not received, you record the $2,000 in the GRNI account — goods received, not invoiced — as well as in inventory. Once the vendor submits the merchandise invoice, you reduce GRNI by $2,000 and
As long as the invoice is not received, you record the $2,000 in the GRNI account — goods received, not invoiced — as well as in inventory. Once the vendor submits the merchandise invoice, you reduce GRNI by $2,000 and