accounting entry at excise invoice

[Former Member]

Dear All,

Want to know the accounting entries after posting excise invoice.

Will the clearing is same for BED,ECS,SECS or their is separate cleaing account for the above mention duty.

Plz mention the accounting entry at excise invoice.

Thanks

[Former Member]

ok

[kunal_ingale]

hi

At the time of GR (MIGO);

Stock A/c - Dr

GR/IR Clearing A/c - Cr

Excise Invoice Posting (J1IEX);

CENVAT Receivable A/c - Dr

CENVAT Clearing A/c - Cr

At the time of LIV (MIRO);

Vendor A/c - Cr

GR/IR Clearing A/c - Dr

CENVAT Clearing A/c - Dr

regards

kunal

[manish_kale]

pl. send in detail accounting entries while in excise.

[Former Member]

Dear,

Enter J1IEX t-code. Select tab of Display.

Enter your internal excise invoice number or vendor excise invoice number.

Then if your excise document is posted then click on part II tab available at header level.

Here you can see accounting document for excise invoice entry.

Click on it and see accounting effect.

Regards,

Mahesh Wagh

[pankaj_singh9]

Hi,

J1IEX - Post Excise Invoice

Accounting Entry:- From Excise A/c detmn of ETT "GRPO"

CENVAT Receivable A/c (BED) - Dr - 1400

CENVAT Receivable A/c (ECS) - Dr - 28

CENVAT Receivable A/c (SECess) - Dr - 14

CENVAT Clearing A/c - Cr - 1442

[Former Member]

Dear Pankaj & all,

If the clearing account is same then

why in tax calc procedure for BED,ECS,SECS diff account keys.

Is it reqd to have diff account key for the above conditions.

Thanks for answer

Edited by: akshay sonurkar on Sep 16, 2008 11:04 AM

[Former Member]

Hi,

BED/ECS/SECS need not have different Account Keys. But will have different GL ACcounts.

And with the concept of Document splitting, they will post to corresponding GL Accounts.

Best Regards

Sri