What are the accounting entries in consignment sales
(excisable material).what are the forms we use in when we
deal in excise material
Answer / amit srivastava
For Outgoing Invoice (Billing) -
Customer's Receivables Account - Dr.
Revenue - Cr.
Discounts - Dr.
Freight - Cr.
Excise Duty Payable - Cr.
Tax Payable - Cr.
For Excise Invoice for Factory sales and STO -
Cenvat Suspense Acc. - Dr.
Cenvat Paid - Cr.
For STO - there are no accounting entry for Billing
(proforma Inv.)
For Depot sale while capturing excise th. J1iJ - there are
no accounting entry since the duty is passed on.
For Consignment -
Fillup - No billing, no excise
Issue - similiar to sales
return - opposite to sales
pickup - no billing, no excise
Is This Answer Correct ? | 1 Yes | 3 No |
Are you working in onsite or offsite project? If it is offsite then how do you get requirement from your client? Where is your client located? How to answer these questions more confidently in any interview for that matter? I know this question is nontechnical in nature unrelated to SAP SD subject but this is a crucial question through it interviewer evaluates us? So, I request someone from this SAP SD field to guide me how to answer such questions in an interview by giving ur live example? Thanks in advance.
what is the usefull for CIN? how can you diffrentiate with cin and tax procedure? what is the difference between sap r/3 and sap all in one?
what is the use of enterprise structure in SAP-SD module?
what basic questions do they ask relating to order management
What is the difference between schedule line in sales order and scheduling agreement?
why we use one step and two step in STO. please explain end to end sto process .Don't explain the configuration only process how it starts and where it ends
Explain the Stock Transport Order Process between plants & storage locations its detailed mechanism Procedure, Process along with paths and t-codes in detail along with your real time live data examples from your current Project? Please reply asap... Urgent!!!! Waiting for your response eagerly... Thanks in advance
Which GL a/cs are updated in consignment fill up, issue, pick up and returns in consignment process ?
Before testing what we need to prepare document for testing ? Before testing what we prepare document for testing ?
In an Interview interviewer asked me "what are your responsibilities in the project(Support & Implementation). What exactly you do in the project". What can i reply for this question. Ply reply me anybody. Thanks in advance. Ramesh.
Can I view the invoice due date (jan 16, 2006) in the invoice?
Analyzing and resolving the case on priority level