P2P cycle

Purchase Requsition ME51n – No accounting entries Generated

Purchase Order ME21n – No accounting entries Generated

Goods receipt MIGO – Movement type 101 – Dr Inventory(Transaction Key BSX) Cr GR/IR clearing account ( Transaction Key WRX)

Invoice Receipt MIRO – Dr GR/IR clearing account ( Transaction Key WRX) Cr Vendor Account ( is picked from the PO mentioned while processing MIRO).

Payment to vendor – Dr Vendor Account Cr Outgoing Bank Account.