Stock transfer account entries

[Former Member]

Hi

During my stock transfer between one plant to another plant . At the time of PGI what are accounting documents will get generate and During the time of Excise invoice what are accounting documents will get generate

[Former Member · Accepted solution]

Hi,

When the goods are stock transferred from one plant to another,

Stock A/c Dr (Receiving Plant)

to Stock A/c Cr (Delivering Plant)

During excise invoice accounting entries are generated same as normal sales excise entries.

Excise Duty Pais Dr

To Excise Duty Payable Cr.

Regards,

Pankaj

[former_member204513]

Dear Pradeep,

Account entries will takes place while doing PGI in the stock transfer same as normal PGI.

1.Stock will get reduced in the supplying plant storage location.

2.Stock value will be coming down in the balance sheet.

But in the stock transfer ship to party will recieving plant.

I hope this will help you,

Regards,

Murali.