Accounting Entry in STO process

[Former Member]

Hi,

I have to configure the STO process.(Both inter and intra).Though i know the configuration but i have one doubt related to accounting entry.

So can anyone tell me what should be the accounting entries system should generate after goods issue and after generating the invoice.

Regards

Jyoti

[Former Member · Accepted solution]

Hi,

In Case of STO for delivery document

When the Goods are stock transferred from one plant to another, the following transactions takes place:

Stock A/c - Dr (Receiving location)

Stock A/c - Cr (Sending location)

Price difference - Dr/Cr

(due to any difference between the standard costs between the two locations)

For Stock Transfer through SD

No Accounting entries for Performa Billing Document

During Excise Invoice Creation

Cenvat Suspense Account Dr.

Cenvat payable Cr.

Thanks & Regards,

Pankaj Mahajan

Edited by: PM on Apr 16, 2010 12:58 PM