Excess Entries

[subhadeep_das]

Dear All,

under normal sales scenario, we have customer account debit to sales & excise payable credit. However my client is seeing another set of entries where cenvat susp account is getting debited and nullifying the excise payable account. Is it normal ?

best regds

Subha

[Former Member · Accepted solution]

Hi subhadeep,

As per my understanding you are looking for accounting entries for factory sale.

when you generate a commercial invoice the entries will be customer account Dr and sales revenue account Cr , Cenvat Suspense account Cr. When you generate excise invoice the cenvat suspense account will be debited and the cenvat payable account will be credited. As per your thread as far as excise is concern for your client it is ok. But in sap we have to go with two transactions like commercial invoice in VF01 and excise invoice in J1IIN.

Regards,

S.Himavanth.

[Former Member]

Accounting entry is correct

[jpfriends079]

Discussion moved. Please use Internationalization and Unicode for CIN related queries.