on 07-18-2008 12:29 PM
Dear all,
Treat this is very urgent.
I dontknow the process of STO order will any one plese correct me if iam wrong.
as per i know
1) In po me21n we have to select stock transf order and we have to create po
2) we have to release po in tr.code me29 N
3) vl10b we have to mention plant in which sto is to be done
4) in vl02 we have to do PGI
5) in vf01 we have to do billing
6) then last we have to create excise billing j1iin
Here i have one doubt what accounting enteries should generate in billing document here at my clinet is getting only
the following accounts : ie.,
Excise duty Recovered Account Dr
To,
S& H Payble A/c Cr
To Cenvat A/c Cr
To Ecess A/c Cr
my client is asking what about
Customer A/c Dr
To Excise Duty Recovery Account
This is not showing .
what i have to do please suggest me.
Thanks & Regards,
Satish Kumar.M
There is difference in Stock Transport Order and Sales. In Stock Transfer, Material is being Transfer from one location of the company to another and not sold to Customer. Hence in the case of STO there will be no entry as below:
Customer A/c Dr
To Excise Duty Recovery Account
That will be in case of Sales.
Regards,
Rajesh Banka
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