accounting flow

SALES RETURN ACCOUNTING FLOW

Invoice Generation Commercial 100000 Tata Motors Limited DEBIT 668.48

311001 Sales Dom-Manufactur CREDIT (437.20)

311001 Sales Dom-Manufactur DEBIT 7.00

311001 Sales Dom-Manufactur CREDIT (80.00)

261993 ED Collection A/C CREDIT (82.00)

261993 ED Collection A/C CREDIT (2.00)

262410 VAT Payable CREDIT (74.28)

Excise Document for sales 261993 ED Collection A/C DEBIT 84.00

262461 E Duty Payable-DTA CREDIT (82.00)

262462 E.Ces-ED payable DTA CREDIT (2.00)

Deduction in the payment Advice Un-resolved Customer Deductions DEBIT 668.48

100000 Tata Motors Limited CREDIT (668.48)

Receipt of Sales return at TF from Customer 311001 Sales Dom-Manufactur CREDIT 437.20

311001 Sales Dom-Manufactur DEBIT (7.00)

311001 Sales Dom-Manufactur CREDIT 80.00

261993 Cenvat Clearing A/C DEBIT 82.00

261993 Cenvat Clearing A/C DEBIT 2.00

262410 VAT Payable DEBIT 74.28

Un-resolved Customer Deductions CREDIT (668.48)

After the quality oks the rejection 254707 Excise Duty-RG23A DEBIT 82.00

254708 Education Cess-RG23A DEBIT 2.00

261993 Cenvat Clearing A/C CREDIT (84.00)

Any difference in the ED on the customer return in 412901 Price Difference - FG Materials DEBIT difference

452024 Excise Duty Expenses Account DEBIT difference

Un-resolved Customer Deductions CREDIT difference

TRANSACTION DETAILS GLCode Description Amt. MOVEMENT TYPEPORPOSED ACCOUNTS

Sale of Manufactured items to Domestic Customer

(Sales Contract No.

(Sales Order No. OEMs 153)

Create Outbound Delivery VL01N

Delv Doc OEMs 80000170 for 20 QTY.

Picking up the quantity and Post Goods Issue 251301 Inventory-FG -561.2 VL02N

412002 COGS-FG Domestic 561.2

(Billing Doc. 91100026, A/C Doc. 4900000090)

Invoice Generation Commercial 100000 Tata Motors Limited 668.48 VF01

311001 Sales Dom-Manufactur -437.2 Basic

311001 Sales Dom-Manufactur 7 Discount 1.6% only on basic

311001 Sales Dom-Manufactur -80 Amortization

261993 ED Collection A/C -82 ED after taking into consideration of all the three Rs. 510.2/-

261993 ED Collection A/C -2

262410 VAT Payable -74.28 VAT calculated on amo###

(A/C Doc. 911000026)

Excise Document for sales 261993 ED Collection A/C 84

262461 E Duty Payable-DTA -82

262462 E.Ces-ED payable DTA -2

(A/C doc. 10000011)

Cancellation of Excise Invoice 261993 ED Collection A/C -84

262461 E Duty Payable-DTA 82

262462 E.Ces-ED payable DTA 2

(A/C doc. 10000014)

100000 Tata Motors Limited 143.49

311001 Sales Dom-Manufactur 109.30-

311001 Sales Dom-Manufactur 1.75

311001 Sales Dom-Manufactur 20.00-

311001 Sales Dom-Manufactur 20

261993 ED Collection A/C 20.00-

262410 VAT Payable 15.94-

(A/C doc. No. 911000027)

Sales Return 100000 Tata Motors Limited -1,668.95

311001 Sales Dom-Manufactur 1,093.00

311001 Sales Dom-Manufactur -17.49

311001 Sales Dom-Manufactur 200

261993 ED Collection A/C 204

261993 ED Collection A/C 4

262410 VAT Payable 185.44

(A/C doc. No. 911000028)

What about Excise Entry

Change of Storage location of returned inventory 251301 Inventory-FG 561.2

s 412002 COGS-FG Domestic -561.2

Sales to KH Logistics

Creation of Sales Order No. 157

Delv Doc. 80000178

Billing Doc 912000015

Excise Invoice 1300000010

Sale of goods from KH to Ford 100010 Ford Espana SA 3.88

312001 Sales Exports-Manfr -3.88

Order Type Remarks

ZDOR Multiple Payment terms for single Customer sales

In Sales Order fields to be updated only 2, posting date and Quanti Sales return

Segregation of Duties to create Sos. Credit note for warranty

Discount

Dispatch Advice to be prepared Sale of scrap

Physical Document for Dispatch Advice required to facilitate physi Sale of Fixed Assets

Foreign Exchange gain / loss

excise

sales tax

freight

Invoice cif/fob

customer returns - scrap or salvage

Discount 1.6% only on basic Supplementory Invoice for rate difference

ED after taking into consideration of all the three Rs. 510.2/- Manufacturing Domestic Sales

Manufacturing Export Sales

Trading Exports

Engineering Services

Deemed Exports - with VAT

EOU Sales

Sale of Fixed Assets

Tooling Sales

Stock Transfer

What is this entry not able to understand

How to update invoice reference at the time of Sales Return

Goods sent 20 QTY. but at the time of return System is accepting 50 QTY.

Excise Duty on return should be captured as per customer invoice

453

Invoice reversed but document flow is not proper i.e. documents are not linked

The Original no. of the dispatch document to KH should appear in the sales order when it is created at KH

ACCOUNTING ENTRIES FOR STOCK TRANSFER FROM EOU TO DTA

IT WILL BE TREATED AS SALE - PURCHASE TRANSACTION

A SALE TO DTA (IN THE BOOKS OF EOU - 1203)

1 Post Goods Issue

412001 Cost of Goods Sold - Raw Material DR251001 Inventory - RM CR

2 Commercial Invoice

DTA 2 Plant (Customer) DR412001 Cost of Goods Sold - Raw Material CR261993 ED Collection A/C CR CVD+AD

New 261995 Customs Collection A/C CR BCD261993 ED Collection A/C CR CVD CESS

New 261995 Customs Collection A/C CR CUST CESS

3 Excise Invoice

261993 ED Collection A/C DR CVD+ADNew 261995 Customs Collection A/C DR BCD

261993 ED Collection A/C DR CVD CESSNew 261995 Customs Collection A/C DR CUST CESS

262466 Customs Duty Payable EOU CR BCD+CVD+AD+CVD Cess+Cust Cess

B PURCHASE FROM EOU (IN THE BOOKS OF DTA 2 - 1202)

1 MIGO (GR)

251101 Inventory - Raw Material DR Cost+Customs+Cust Cess261902 GR/IR Clearing CR Cost+Customs+Cust Cess

2 Part II

254707 Excise Duty-RG23A DR CVD+AD254708 Education Cess-RG23A DR CVD Cess261992 CVD Clearing A/C CR CVD+CVD Cess+AD

3 MIRO (IV)

261902 GR/IR Clearing DR Cost+Customs+Cust Cess261992 CVD Clearing DR CVD+CVD Cess+AD

EOU Plant (Vendor) CR

D15

mwagh: We need to define DTA 2 plant as a Customer.

BCD+CVD+AD+CVD Cess+Cust Cess

Cost+Customs+Cust CessCost+Customs+Cust Cess

Cost+Customs+Cust Cess

MODULE PARTICULARS ACCOUNT CODE

SD VOLUMES GIVEN TO PP FOR MRP

PP MRP GENERATION

MM GENERATION OF PO

MM CREATION OF GR 251105

261902

254707

254708

261991

FI INVOICE VERIFICATION BY FINANCE

QA QUALITY INSPECTION OF GR

QA REJECTION BY QUALITY - PRIMARY 251101

261902

MM GOODS SENT BACK TO VENDOR AGAINST PRIMARY REJECTION

MM ISSUE OF MATERIAL TO PRODUCTION

ACCOUNTING ENTRY DEBIT CREDIT TRANSACTION CODE

NO ACCOUNTING ENTRY

NO ACCOUNTING ENTRY

NO ACCOUNTING ENTRY

Inventory-Traded Gds DEBIT MIGO / MB51

GR/IR Clrng-Domestic CREDIT MIGO / MB51

Excise Duty-RG23A DEBIT MB51 / FB03

Education Cess-RG23A DEBIT MB51 / FB03

Cenvat Clearing A/C CREDIT MB51 / FB03

MIRO

NO ACCOUNTING ENTRY

Inventory-Rw Mat-Dom CREDIT MB51 / FB03

GR/IR Clrng-Domestic DEBIT MB51 / FB03

MOVEMENT TYPE

101

101

101

101

101

321

122

122

TRANSACTION DETAILS MOVEMENT TYPE

Sending of Goods to Subcontractor (under 57 F(4)) No Accounting Document.

Goods Received from Subcontractor Inventory-WIP 5,177.50

GR/IR Clrng-Domestic (3,670.00)

Inventory-Rw Mat-Dom (1,507.50)

Change in stck-Masop (5,177.50)

Sub Contractor Chrgs 3,670.00

Cons-Mat-SubContract 1,507.50

Invoice Verification of Subcontract Bill NEW COAT PVT LTD (4,128.75)

GR/IR Clrng-Domestic 3,670.00

VAT Recvble A/C 458.75

Reversal of excise duty under 57F4 after lapse of 180 days. Excise Duty-RG23A (241.20)

Education Cess-RG23A (4.82)

57F4 Clearing A/C 246.02

Receipt of material after 180 days without processing Excise Duty-RG23A 120.60 542

Education Cess-RG23A 2.41 542

57F4 Clearing A/C (123.01) 542

PORPOSED ACCOUNTS

Separate Stores Location Should be configered.

All the other locations are to be blocked for this transaction.

Delivery note no can be duplicated. MIRO can be made only for one such challan and mannual

Service tax to be configured in vendor master

Requirements to be maintained in Master Data of Vendor

Chapter ID

Material Chapter ID Combination

Material Assessable Value

Vendor Excise Details

Excise Tax Rate

Entry will be passed only if reversal of excise duty is made after 180 days.

TRANSACTION DETAILS

Sending of Goods to Subcontractor (with excise duty) E Duty Payable-DTA (96.00)

ED Collection A/C 96.00

E.Ces-ED payable DTA (2.00)


(Being 100 MTR uncoated conduit sent to subcontractor 100000087)

VENDOR A/C 98.00

MASOP ED COLLECTION (98.00)

(Being recovery of excise duty from subcontractor)

Goods Received from Subcontractor Inventory-WIP 576.63

GR/IR Clrng-Domestic (128.00)

Inventory-WIP (448.63)

Change in stck-Masop (576.63)

Sub Contractor Chrgs 128.00

Cons-Mat-SubContract 448.63

(Being 80 MTR uncoated conduit received from subcontractor 55000000092)

Invoice Verification of Subcontract Bill SONALI PLASTIC INDUSTRIES (255.63)

GR/IR Clrng-Domestic 128.00

Cenvat Clearing A/C 97.28

Cenvat Clearing A/C 1.95

VAT Recvble A/C 28.40

(Being Invoice Verification done for material received from subcontractor 510000030)

Rejection due to subcontractor processing after receipt Inventory-WIP (464.63)


Change in stck-Masop 464.63

Sub Contractor Chrgs (16.00)

Inventory-WIP 448.63

Cons-Mat-SubContract (448.63)

(Being 10 MTR coated conduit rejected at TF 55000000093)

Inventory-WIP (64.11)

Scrap Cost Account 64.11

(Being 10 mtrs of coated conduit scrapped Doc no. 490000076)

MOVEMENT TYPE PORPOSED ACCOUNTS

MASOP ED COLLECTION

(Being 100 MTR uncoated conduit sent to subcontractor 100000087)

Proposed Entry

Calculation of Excise Duty should be automated

Base Value Field should be the correct assessable value

(Being 80 MTR uncoated conduit received from subcontractor 55000000092)

TDS on the transaction is not getting calculated

(Being Invoice Verification done for material received from subcontractor 510000030)

922

922

922

922

922

922

551

551

5.58 100

8.78 100

movement type movement description control101 GR goods receipt 1102 GR for PO reversal 1103 GR into blocked stck 1104 GR to blocked rev.105 GR from blocked stck 1106 GR from blocked rev.121 GR subseq. adjustm.122 RE return to vendor 1123 RE rtrn vendor rev. 1124 GR rtrn blocked stck125 GR rtn blkd stck rev131 Goods receipt 1132 Goods receipt reversal 1141 GR G subseq. adjustm142 GR G subseq. adjustm161 GR returns162 GR rtrns reversal201 GI for cost center 1202 RE for cost center 1221 GI for project222 RE for project231 GI for sales order232 RE for sales order241 GI for asset242 RE for asset251 GI for sales252 RE for sales261 GI for order 1262 RE for order 1281 GI for network282 RE for network291 GI all acc. assigmts292 RE all acct assigmts301 TF trfr plnt to plnt 1302 TR trfr plnt to plnt 1303 TF rem.fm stor.to pl304 TR rem.fm stor.to pl305 TF pl.in stor.in pl.306 TR pl.in stor.in pl.309 TF tfr ps.mat.to mat 1310 TR tfr ps.mat.to mat 1311 TF trfr within plant 1312 TR transfer in plant 1313 TF rem.fm str.toSLoc314 TR rem.fm str.toSLoc315 TF pl.in str.in SLoc316 TR pl.in stor.inSLoc317 Create struct. mat.318 RE create struc. mat319 Split structured mat320 RE split struct.mat.

321 TF quality to unrest 1322 TR quality to unr. 1323 TF quality in plant324 TR quality in plant325 TF blocked in plant326 TR blocked in plant331 GI to sampling QI332 RE to sampling QI333 GI to sampling unre.334 RE to sampling unre.335 GI to sampl. blocked336 RE to sampling blkd340 Batch revaluation341 TF unrestr.to restr.342 TF rstricted to unr.343 TF blocked to unre.344 TR blocked to unre.349 TF blocked to QI350 TR blocked to QI351 TF to stck in trans.352 TR to stck in trans.411 TF SLoc to SLoc412 TR SLoc to SLoc413 TF SLoc to sls order414 TR SLoc to sls order415 TF SLoc to project416 TR SLoc to proj.441 TP unrstr.to tiedEmp442 TP tiedEmp.to unrstr451 GI returns452 RE returns reversal453 TP returns to own454 TP own to returns455 TF st. trfr returns456 TR st. trfr returns457 TP Returns to own QI458 TP Own QI to returns459 TP Ret. to own blckd460 TP Own blckd to ret.501 Receipt w/o PO 1502 RE receipt w/o PO 1503 Receipt to QI504 RE receipt to QI505 Receipt to blocked506 RE receipt to blockd511 Delivery w/o charge512 RE deliv. w/o charge521 Receipt w/o order522 RE receipt w/o prOrd523 Rcpt QI w/o prOrder524 RE quality w/o prOrd525 Rcpt blkd w/o pr.ord526 RE blocked w/o PrOrd531 Receipt by-product

532 RE by-product541 GI whse to subc.stck 1542 RE subctrStck toWhse 1543 GI issue sls ord.st.544 GI receipt sls or.st545 Rcpt SC by-product546 GI issue SC by-prod.551 GI scrapping 1552 RE scrapping 1553 GI scrapping QI554 RE scrapping QI555 GI scrapping blocked 1556 RE scrapping blocked557 GI adjust. transit558 GI adjust. transit561 Init.entry of stBal. 1562 RE in.entry stk bals 1563 Init. entrStBals: QI564 RE ent.st.bals: QI565 In.ent.stBals: blckd566 RE ent.stBals: blckd571 Receipt assembly572 RE receipt assembly573 Rcpt QI assembly574 RE rcpt QI assembly575 Rcpt blckd assmbly576 RE rcpt blkd assmbly581 Rcpt by-prod network582 RE by-prod. network601 GD goods issue:delvy 1602 RE goods deliv. rev. 1603 TF rem.fm stor.to pl604 TR rem.fm stor.to pl605 TF pl.in stor.in pl.606 TR pl.in stor.in pl.621 GI ret.pack.:lending622 GI ret.pack:ret.del.623 GI iss:cust.ret.pack624 GI rcpt:cust.re.pack631 GI consgmt: lending632 GI consgmt:ret.delvy633 GI iss: cust.consgmt634 GI rcpt:cust.consgmt635 TF consgmt lending636 TR consgmt ret. del.641 TF to stck in trans. 1642 TR to stck in trans. 1643 TF to cross company644 TR to cross company645 TF cross company646 TR cross company647 TF to stck in trans.648 TR to stck in trans.651 GD ret.del. returns

652 GD ret.del. retn rev653 GD returns unrestr. 1654 GD returns unr. rev.655 GD returns QI656 GD returns QI rev.657 GD returns blocked658 GD returns blk. rev.661 GI returns to vendor662 RE ret. to vdr revrs671 TR to stck in trans.672 TF to stck in trans.673 TF to cross company674 TR to cross company675 TR cross company676 TF cross company677 TR to stck in trans.678 TF to stck in trans.

6A1 TF GI16A2 TR GI16A3 TF CC GI16A4 TR CC GI16A5 TF CC GI16A6 TR CC GI16A7 TF GI16A8 TR GI16B1 TF GI26B2 TR GI26B3 TF CC GI26B4 TR CC GI26B5 TF CC GI26B6 TR CC GI26B7 TF GI26B8 TR GI26K5 TF GI2 consi6K6 TR GI2 consi6W5 TF GI1 consi6W6 TR GI1 consi

701 GR phys.inv.: whse 1702 GI phys.inv.: whse 1703 GR phys.inv: QI 1704 GI phys.inv: QI 1707 GR phys.inv.:blocked708 GI phys.inv.:blocked711 GI InvDiff.:whouse712 GR InvDiff.:wrhouse713 GI InvDiff: QI714 GR InvDiff: QI715 GI InvDiff.:returns716 GR InvDiff.:returns717 GI InvDiff.: blocked718 GR InvDiff.: blocked721 SlsVal.rec.n.afftMgs722 SlsVal.iss.n.afftMgs731 SlsVal.rec. afftgMgs

732 SlsVal.iss. afftgMgs841842843844922 RE return to vendor923 RE rtrn vendor rev.941 GI whse to subc.stck 1942 RE subctrStck toWhse 1951 GI scrapping Ven Acc 1952 RE scrapping Ven Acc 1961 Scrap Stock Increase962 Scrap Stock Decrease

TRANSACTION DETAILS

Scrapping of FG before transfer to BSR Inventory-FG (140.30)


(Being 5 units of scrapped Doc no. 490000072)

Dismantelling of stock in Blocked stock Inventory-FG (1,262.70)

Cost Of Prodn-FG 1,262.70

Inventory-Rw Mat-Dom 213.30

Consump-Raw Mat Dom (213.30)





















MOVEMENT TYPE

553

553

Transaction Details GL Code Accounting Entries Amt.

Creation of PO with Exchange Rate Rs. 44.17/EURO No accounting Entries

Creation of Inbound Delivery (document No. 1000000326 for 2 No accounting Entries

Payment of Advance Custom Duty F90033 FREIGHT SYSTEMS - DUTY ADVANCE (3824.55)

261994 Customs Clearing A/C 1301.35

261992 CVD Clearing A/C 1873.95




(Payment of Advance Custom Duty thru Doc. No. 5100000035)

Payment of Custom Duty F90033 FREIGHT SYSTEMS - DUTY ADVANCE 3824.55

253201 TF-HDFC-BD A/C Pmnt (3824.55)

(Payment of Excise Duty thru Doc. No. 2000000015)

Goods receipt at Factory 1500 Qty. 251101 Inventory-Rw Mat-Dom 8310.75

261902 GR/IR Clrng-Domestic (6128.59)

261904 Freight Clrng CG-Dom (325.54)


261994 Customs Clearing A/C (976.01)



(Receipt of Material at factory thru doc no. 5000000105)

Mat Doc. 1000000327

Part II entry 254714 ED - Additional 410.63

254707 Excise Duty-RG23A 1,405.46

254708 Education Cess-RG23A 28.11

261992 CVD Clearing A/C -1,844.20

(Availment of Cenvat Credit thru Doc. No. 1000000097)

Goods receipt at Factory balance 500 Qty. 251101 Inventory-Rw Mat-Dom 2,770.24







(Receipt of Material at factory thru doc no. 5000000106)

Mat Doc. 1000000328

Part II entry 254714 ED - Additional 136.88

254707 Excise Duty-RG23A 468.49


261992 CVD Clearing A/C (614.74)























(Booking for Payment of Advance Custom Duty thru Doc. No. 5100000038)

Payment of Custom Duty F90033 FREIGHT SYSTEMS - DUTY ADVANCE 2,678.55

253201 TF-HDFC-BD A/C Pmnt 2,678.55-

(Payment of Custom Duty thru Doc. No. 2000000016)

Goods receipt at Factory 251101 Inventory-Rw Mat-Dom 1648.25





251101 Inventory-Rw Mat-Dom 538.64















(Goods receipt thru doc. No. 5000000108)

Part II Entry 254714 ED - Additional 110.79



261992 CVD Clearing A/C -497.56

254714 ED - Additional 36.21





44.17

Remarks

PO No. 1101600003

103 Used for identification of Goods in transit

MIGO should not be performed without payment of duty.

MIRO Document gets blocked for payment due to 'R' Invoice Verification

Chech T- Code MRBR to know the reason for blocked invoices

Scenario for payment of RD to be checked

Scenario for payment of SVB to be checked

f110 How to issue DD in favour of Custom Dept.

105/MIGO Only Capture the invoice

No Part II entry

j1iex

105/MIGO

j1iex

Movement Type/ T Code

(Booking for Payment of Advance Custom Duty thru Doc. No. 5100000038)

MIGO


No Accounting entries

Inbound Delivery No Accounting entries

Advance Payment of Custom Duty F90033 FREIGHT SYSTEMS - DUTY -2,002,619.11

229100 119100000002 0000 681,417.21

229100 119100000002 0000 981,240.78

229100 119100000002 0000 286,690.64

229100 119100000002 0000 33,645.66

229100 119100000002 0000 19,624.82

(Payment of Advance Custom Duty thru Doc. No. 5100000040 Mat Doc. 5105600240)

Receipt of material at factory

At the time of Import Capital & non stock item (capital goods

consumables) Movement type 101 should use instead of

Mov type 103 & 104

F90033 FREIGHT SYSTEMS - DUTY -1,886,739.01

261994 Customs Clearing A/C 641,987.50

261992 CVD Clearing A/C 924,462.00

261992 CVD Clearing A/C 270,101.50


261992 CVD Clearing A/C 18,489.24

(MIGO Entry - Fin doc. 5100000044 & internal invoice no 510560244 )

229100 119100000001 0000 5,809,586.27

261902 GR/IR Clrng-Domestic -5,135,900.00

261994 Customs Clearing A/C -641,987.50


(Doc No. 5000000120)

Part II Entry 254711 Ex Duty-RG23C-Deffrd 471,475.62

254714 ED - Additional 270,101.50

254709 Excise Duty-RG23C 462,231.00

254710 Education Cess-RG23C 9,244.62

261992 CVD Clearing A/C -1,213,052.74

(Doc. No. (100000109)

Creation of PO for Capital Assets with separate Material No. for each asset (PO No. 1101670004)

Remarks

USD INR

103 116756 5720680.693

BCD 14594.5 715085.0866

MIRO CVD 21016.08 1029722.525

Cess CVD 420.3216 20594.4505

Cess Cus 720.618032 35308.04124

AD 6140.300785 300855.6318


MIGO

462231 942,951.24

471475.62

9244.62

(MIGO Entry - Fin doc. 5100000044 & internal invoice no 510560244 )

5135900


Decision to be taken by the business whether separate material no. is required for each Asset or not

All these entries should be transferred to Custom Clearing A/C and CVD Clearing A/C accordingly.

115600


Creation of Purchase Order No. 1101500003

Party Name M90010 Majestic Auto Ltd.

Goods receipt at Factory 229200 119200000001 0000 423,404.80 MIGO

Mat Doc. 1000000352 261902 GR/IR Clrng-Domestic 423,404.80-

(Being GRN made thru Doc No. 5000000119)

Invoice Verification MIRO


Remarks

Indirect Material









Good Receipt (MM Doc1000000347) 251103 Inventory-Spares Dom 12,715.64

261902 GR/IR Clrng-Domestic -9,338.00

261904 Freight Clrng CG-Dom -1,167.25

261904 Freight Clrng CG-Dom -466.9


261994 Customs Clearing A/C -82.04

(Goods receipt at factory thru Doc. No. 5000000114)

Part II entry 254711 Ex Duty-RG23C-Deffrd 1,220.17


254709 Excise Duty-RG23C 1,196.25

254710 Education Cess-RG23C 23.93

261992 CVD Clearing A/C -3,139.37

(Duty Availed thru Doc no. 100000107)

Reversal of MIGO (thru MIGO) 251103 Inventory-Spares Dom -12,715.64

261902 GR/IR Clrng-Domestic 9,338.00

261904 Freight Clrng CG-Dom 1,167.25

261904 Freight Clrng CG-Dom 466.9



(Reversal of MIGO thru Doc no. 5000000117)

Reversal of Part II Entry (T code j1iex) 254711 Ex Duty-RG23C-Deffrd -1,220.18

254714 ED - Additional -699.02

254709 Excise Duty-RG23C -1,196.25

254710 Education Cess-RG23C -23.93

261992 CVD Clearing A/C 3,139.38

(Duty reversed thru Doc. No. 10000108)

MIGo again (Mat Doc 10000000351) 251103 Inventory-Spares Dom 12,715.64

261902 GR/IR Clrng-Domestic -9,338.00

261904 Freight Clrng CG-Dom -1,167.25

261904 Freight Clrng CG-Dom -466.9


261994 Customs Clearing A/C -82.04

(MIGO performed again thru Doc. No. 5000000118)

Create Reservation (500 & 200 Qtys.) Material reserved for some Cost Center mb21


251103 Inventory-Spares Dom -6,338.63

A/C Doc. 4900000085 411103 Consump-Spares Dom 6,338.63 6340

251103 Inventory-Spares Dom -2,535.45

411103 Consump-Spares Dom 2,535.45 2536

F90005 FASTEN GROUP IMP.& EXP. CO. LT -9,338.00

261902 GR/IR Clrng-Domestic 9,338.00

(Invoice booked thru Doc. No. 5100000042)

F90033 FREIGHT SYSTEMS - DUTY ADVANCE -1,634.15

261904 Freight Clrng CG-Dom 1,167.25

261904 Freight Clrng CG-Dom 466.9

(Invoice booked for Freight thru Doc. No. 5100000043)

Goods issued against reservation (Mat. Doc. 4000000507)

MIGO goods issue

Invoice Verification ( Internal Invoice No 5105600242)

Invoice Verification for Freight (Internal Invoice No 5105600243)

Remarks

available in mmbe

Cancellation into 2 parts, mat. Doc thru MIGO transaction and Part II Entry thru j1iex.

TDS to be deducted and Service tax to be considered

SERVICE -

Transaction Details GL Code Accounting Entries Amt. Remarks


Scrap Accounting

Transaction Details GL Code Accounting Entries Debit/Credit

Generation of RM scrap at the time of production confirmation 411108 Scrap Cost Account Debit 551

251101 Inventories - Domestic Raw Material Credit 551

Generation of WIP scrap at the time of production confirmation 411108 Scrap Cost Account Debit 551

251201 Inventories - Work In Progress Credit 551

Generation of scrap out of obsolete inventory 411108 Scrap Cost Account Debit 551

251101 Inventories - Domestic Raw Material Credit 551

Surrender of Excise on Obsolete inventory 452024 Excise Duty Expenses Account Debit

254707 Excise Duty - RG 23A Credit

254708 Education Cess - RG 23A Credit

Generation of Stock of Scrap 251106 Inventories - Scrap Debit 961

New Account 251401 Scrap Inventory Built-up Credit 961

Post goods issue of scrap in SD 251401 Scrap Inventory Built-up Debit

251106 Inventories - Scrap Credit

Scrap Invoice Generation - Commercial Customer Debit

325001 Sale of Scrap Credit

261993 ED Collection A/C ( Duty) Credit

261993 ED Collection A/C ( Cess) Credit

262321 TCS Payable - Scrap Sale Credit

262371 Education Cess - TCS on Scrap Sale Credit

Excise Document for sales 261993 ED Collection A/C Debit

262461 E Duty Payable-DTA Credit

262462 E.Ces-ED payable DTA Credit


TRANSACTION DETAILS

Case No. 1 Invoice and Delivery Challan for 100 Qty. but actual receipt 90 Qty.

Case No. 2 Invoice and Delivery Challan for 100 Qty.,received 100 Qty. but 10 Qty. rejected by Quality

Goods Received Inventory-RM Domestic 1078

GR/IR Clrng-Domestic -1078

Excise Duty-RG23A 172.48

Education Cess-RG23A 3.45

Cenvat Clearing A/C -175.93

(Being 100 units challan qty and 100 units received qty Doc no. 1000000296)

Quality Inspection GR/IR Clrng-Domestic 107.8

Inventory-RM Domestic -107.8

(Being 10 units rejected qty Doc no. 1000000296)

Invoice Verification

PACOLINE INDUSTRIES 1,269.60


Cenvat Clearing A/C (155.23)


VAT Recvble A/C (141.07)

(Being 90 units accepted qty invoice is passed Doc no. __________________)

Goods rejected sent back to vendor E Duty Payable-DTA -17

ED Collection A/C 17

(Being 10 units OF rejected qty sent to vendor Doc no. 100000084 against excise invoice)

Case No. 3 Out of the 90 Qty. issued to production, 10 get rejected at Shop Floor

No accounting Entry Qty. 10 units

Line Rejection debited to vendor Inventory-Rw Mat-Dom (53.90)


(Being 5 units OF rejected at shop floor debited to vendor Doc no. 100000302)

PACOLINE INDUSTRIES 70.53




VAT Recvble A/C (7.84)

(Being debit note for 5 units of material rejected at shop floor generated for vendor Doc no. 100000302)

Excise Invoice for Line Rejection E Duty Payable-DTA (9.00)


(Being 5 units of rejected qty sent to vendor Doc no. 100000085 against excise invoice)

All the GR will be made on received quantity and the Cenvat will be availed on received qyt. Purchase department will take care of any disputes with the vendor for the cenvat on shortage alongwith the basic value. (In this case with 90 Qty.)

Rejection identified at Shop and material moved to blocked stock at Shop Floor

Scrapping the goods at shop floor Inventory-Rw Mat-Dom -53.9


(Being 5 units scrapped Doc no. 490000070)

Excise Invoice for Line Scrap E Duty Payable-DTA -9

ED Collection A/C 9

(Being excise invoice of 5 units scrapped Doc no. 100000086)

MOVEMENT TYPE

Case No. 1 Invoice and Delivery Challan for 100 Qty. but actual receipt 90 Qty.

Case No. 2 Invoice and Delivery Challan for 100 Qty.,received 100 Qty. but 10 Qty. rejected by Quality

101

101

101

101

101

122

122

MIRO No MIRO without inspection

MIRO

MIRO

MIRO

MIRO

(Being 90 units accepted qty invoice is passed Doc no. __________________)

(Being 10 units OF rejected qty sent to vendor Doc no. 100000084 against excise invoice)

Case No. 3 Out of the 90 Qty. issued to production, 10 get rejected at Shop Floor

344

922

922

(Being 5 units OF rejected at shop floor debited to vendor Doc no. 100000302)

(Being debit note for 5 units of material rejected at shop floor generated for vendor Doc no. 100000302)

New Accounts to be given by finance

(Being 5 units of rejected qty sent to vendor Doc no. 100000085 against excise invoice)

All the GR will be made on received quantity and the Cenvat will be availed on received qyt. Purchase department will take care of any disputes with the

How the balance will be crossed with CENVAT Clearing account

555

555

accounting flow

Documents