Interested to Buy Any Domain ? << Click Here >> for more details...
What are the accounting entries in consignment sales
(excisable material).what are the forms we use in when we
deal in excise material
- 1 Answers
- 11497 Views
- IBM, I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
What is the relevance of tab 'Weight/ Volume Relevant' during Credit Memo Request and Debit Memo Request as it is being checked in both process at item level? As I know, it is relevant for re-determination of route at delivery level.
I have advance payment scenario where customer want advance payment cannot be used against another sales order and against any credit limit. Let me put one example. Customer X is having credit limit of 1000 USD, if my client is received customized product order then he will take advance for this special order but customer X is already enjoying credit limit of 1000 USD. In this scenario my client wants advance payment received cannot use against any sales order and against any credit limit. If I will post advance payment in F-29 then customer credit exposure will decrease against credit limit in FD32 which will affect normal sales order credit limit. Here customer does not want to utilize advance payment against credit limit of customer which is use for normal sales order. Please suggest
How to trace changes in sales order how do you trace the changes made in the sales order in regards to changes to the partner function in the sales orders?
What are the different complaint process documents in sap sd.
A Client wants to connect his SAP ECC system to his SAP CRM system. What do you want to do to enable the integration. a)Install the plug-in on the CRM system and connect to the R/3 adapter in the ECC system b)Install the XIF adapter on the CRM system and connect to the R/3 adapter in the ECC system c) Install the XIF adapter in the ECC system and connect to the R/3 adapter in the CRM system D)Install the plug-in on the ECC system and connect to the R/3 adapter in the CRM system
Explain how the system can automatically determine the item category in the sales order.
Steps of tax determination?
Explain about distribution channel?
What are the two influence factors for field selection for customer master record maintenance?
what is settlement profile...when i m doing varient configuration i am facing this problem while creating sales order plz explain me......
Plant to plant is handled using mb1b. If stock transfer orders with deliveries are configured, use me27.
In back order process system follows backward scheduling or forward scheduling? please give ur valuable answers
When you create a credit memo request do you always have to refer to a sales order or any other previous document?
explain the business flow of an implementation project?
What’s the process of pricing procedures determination?
