Answer / sudharsan

When we make MIRO

GR/IR Clearing A/c Dr
Vat A/c Dr
Supplier Control A/c Cr

Answer / jagadeesh.p

Hi this jagadeesh CA,
First we need to classifie VAT as VAT claimable & not claimable
1.VAT paid on procurement of RM with in the state can be claimable against VAT payable on sales as CST
2.VAT paid on procurement of RM from out side state con't be claimable and portion of VAT should be added to the cost of material
3.Entry on purchase of RM
RM a/c DR XXXXX
VAT receivable a/c DR XXX
Party a/c cr xxxxx
4. On sale
Bank a/c DR XXXX
VAT payable a/c xxx
Sales a/c xxxxx
5.IF VAT receivable is more than VAT payable at end of the period then show the balance under assets side bellow the loans& advance and claim for refund otherwise if it is case at the end of quarter then in subsequent quarter we can adjust same with VAT payable and vise ver....

Answer / seetaram.bandla

Hi All,

MIGO: Stock A/c Dr
GR/IR A/c Cr
Posting Excise Invoice
RG23A A/c Dr
Excise payable A/c Cr
Vendor Invoice
Vendor A/c Cr
GR/IR A/c Dr
Excise Payable Dr

Answer / guest

calculation on base amount
===========================
sales invoice: customer a/c (01) dr.
To sales a/c (50)
calculation on Net amount
===========================
sales invoice: sales a/c (50)
customer a/c (01)

We can do for Purchases also in AP postings

Answer / noorulla

when we purchase we have to pay vat in f-53.
vendor a/c 10000
to bank a/c 9000
to vat a/c 1000

when we sale to customer,customer has to pay vat inf-28
bank a/c 9000
vat a/c 1000
customer 10000

ok

noorulla
siddavaram.nurulla@yahoo.com

Answer / vivek

Journal Entry for accounting VAR in SAP for T-Code f-02

Answer / theogarajan

salary of sap fico

what is the mean of document type how it is useful in sap fico

6 Answers   IBM,

What are the methods by which vendor invoice payments can be made?

0 Answers  

Explain ‘financial accounting (fi)’ in sap.

0 Answers  

Asset reversal prior year in SAP. Could you please let me the process to reverse a prior year of an asset with depreciation and the risk that it might involved? Many thanks

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What are “reason codes” used for in the accounts receivable module and what are the factors to be considered in their configuration?

0 Answers  

how to search for tables in sap fico

2 Answers  

i am having total 10 invoices for a customer but i want to send only 5 invoices to that customer how can i do it?

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I have blocked the Vendor Invoices in SAP at the time of preparing them in F-43 but when I have tried to Unblock them in FBL1N then system is just showing them they are blocked and not giving me the option to unbleck them. please help me out?

1 Answers  

Explain the process of calculating the planned activity output through long term planning?

0 Answers  

What is an exchange rate type? List some of them?

0 Answers  

what is the relation between fi & co and ho the accounting flow takes place?

2 Answers  

2.Now there are 2 companies with branches and factory in the same cities separately. How will you configure Chart of Accounts?

4 Answers   IBM,