FI entries.

[Former Member]

Hi,

Pls give me the FI and MM entries that will happen from Delivery to Excise Invoice.

Regards

Jyothi.

[Former Member · Accepted solution]

hi

At the time of PGI in delivery the following entries will be generated

Cost of goods sold A/c Dr

To Inventory A/c Cr

At the time of Invoice creation

customer A/c dr

To sales a/c Cr

To Bed on sale a/c Cr

To ecess on sale a/c cr

To Hse cess on sale A/c cr

To CST/Vat payable A/c cr

During Excise Invoice Creation

Cenvat Suspense Account Dr.

To bed payable Cr.

To E cess payable a/c cr

To Hse cess payable a/c cr

regards

[Former Member]

Answered.

[Former Member]

Jyothi,

Refer to link below

http://www.siliconlabs.fi/files/SL_SD_ACCT/SL_SD_Accounting.html

Thanks,

Raja