Posting a Shipment Receipt - General Ledger Entry

The following GL Entry is created when a Shipment Receipt is Posted:
 

                                CR - Liability Account: Accounts Payable

Inventory
Each product has an Inventory GL Account associated with it.

Accounts Payable
The default Accounts Payable account. This account can be changed to a different account in Setup, Entity Setting, Shipment Receipts, Credited Account for New Shipment Receipts.

When a bill is created and linked to the shipment receipt, the system would reverse the entry made at time Shipment Receipt is posted and then post a new entry using the amount that is on the bill that looks like this

    CR - Liability Account: Accounts Payable for Selected Supplier