Which entries are classified as proprietary ledger entries in the Procurement with Logistics process?

Proprietary ledger entries in the Procurement with Logistics process specifically pertain to the tracking of inventory, goods received, and the related expenses associated with acquiring those goods. The correct choice emphasizes GR (Goods Receipt)/Acceptances and Expenses as the key elements monitored in the procurement process.

Goods Receipts signify that the organization has received ordered goods, which must be recorded in the accounting system to accurately reflect the current inventory levels and ensure that the financial statements reflect the actual resources on hand. Additionally, expenses related to these goods, once received and accepted, are crucial for understanding the cost structure and the overall financial health of the organization. This allows for effective financial tracking and ensures compliance with budgetary constraints and financial reporting requirements.

In contrast, the other options include entries that are not distinctly classified as proprietary ledger entries within this specific context. For instance, commitments and obligations relate more to future contractual liabilities rather than current inventory and expenses. Invoices and purchase orders are administrative documents rather than direct entries into the proprietary ledger, and budget allocations and financial statements serve broader financial planning and reporting purposes rather than focusing specifically on procurement-related entries.