For Inventory Item

Transaction type Account Debit

PO Receipt Inventory Receiving Account
Delivery of items Inventory Valuation Account
Payable invoice when matched to PO Accrual Account
Payment made to vendor Liability
Bank Clearing to Cash Bank Cleraing
For Expense Item
Transaction type Account Debit
PO Receipt Inventory Receiving Account
Delivery of items Expense Account
Payable invoice when matched to PO Accrual Account
Payment made to vendor Liability
Bank Clearing to Cash Bank Cleraing
For Asset Item
Transaction type Account Debit
PO Receipt Inventory Receiving Account
Delivery of items Asset Clearing Account
Payable invoice when matched to PO Accrual Account
Payment made to vendor Liability
Bank Clearing to Cash Bank Cleraing

Complex PO
Transaction type Account Debit
Invoice Matched to PO Accrual
Payment made to vendor Liability
Liability
Disbursed amont release Retainage
Bank Clearing to Cash Bank Cleraing
Accout Credit
Accrual Account
Inventory Receiving Account
Liability
Bank Clearing
Cash

Accout Credit
Accrual Account
Inventory Receiving Account
Liability
Bank Clearing
Cash

Accout Credit
Accrual Account
Inventory Receiving Account
Liability
Bank Clearing
Cash

Accout Credit
Liability
Retainage
Prepayment
Liability
Cash