What are the accounting entries in consignment sales
(excisable material).what are the forms we use in when we
deal in excise material
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 purpose of 'output determination'?
Can you share master data between several sales areas?
we are using order related billing and billing get generated automaticaly in overnight run.As my q is user has cancel the biliiing document after creating that one.but after cancelation no cancel accounting document get generated.so sales order remain closed and no billing document get generate in overnight run.but when user has created the Credit memo order with respect to cancel billing document the respective sales order get open and billing document get generate in overnight run.so can you please tell me hwo the system come to knoe after rasing the credit meno order that billing document has cancled and sales order has open so the billing document will be craete.please help me regarding thsi query.
How is sap transportation management licensed by sap? : transportation management
Do you have schedule lines in the delivery?
Explain what a condition table and an access sequence are and the relationship between them?
how can you do consignment in inter company sales?
What are the responsibilities of a technical consultant in an implementation project?
How do you determine the 'route' in sales and distribution?
Is it possible to create sales order for 40 items if the quotation is sent for 30 items?
Hi this is jitu here,I have 5 yrs experience in pharma sales,& i have done SAP-SD.I need 1 offer in IT sector,any one help me plz.If u want 2 suggest me then mail me jiturath80@gmail.com
What do you mean by order confirmation
while creating order in am getting an error company was not supplied in function module interface how to resolve
Hi, wrong work item in universal work list.what could be the reason and where to check? can any body guide me thanks
Some materials have been blocked for procurement and production. Even though deletion flag is set for a material/plant level, the order can be still entered ( with a warning message). Is there a way to block such transactions for a material flagged for deletion?