Required accounting entries

[Former Member]

Hi Expert,

i want the entries like this.

customer Dr. 90

Discount Dr.10

Vat cr. 2

Rvenue cr 98

as price is 100 rs and discount is 10% and vat is 2%.

so how iwill conf my Pricing priocedure for gettting the same entries.

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Thanks and Regards,

Vivek Garg

Edited by: Rob Burbank on Jan 21, 2011 5:27 PM

[Former Member · Accepted solution]

Hi

Try this -

Price - 100 - statistical

VAT (2% on price) - 2 - Not Statistical - Account Key MWS

Revenue (price minus VAT) - Not Statistical - Account Key ERL

Discount (10% on Total Price) - Not Statistical - Account Key ERS

Let me know the result.

Thanks

[Former Member · Accepted solution]

Thnaks for your answer.

what would be condition type for revnue (price minus vat)

[Former Member · Accepted solution]

May be as per terminology used in the company -

e.g. Basic Price - ZB00

or Price - ZP00

Make condn. class as price.

Thanks