Welcome to Scribd. Sign in or start your free trial to enjoy unlimited e-books, audiobooks & documents.Find out more
Download
Standard view
Full view
of .
Look up keyword
Like this
0Activity
0 of .
Results for:
No results containing your search query
P. 1
Acc. Entries

Acc. Entries

Ratings:
(0)
|Views: 6|Likes:
Published by arajesh07

More info:

Published by: arajesh07 on Dec 06, 2012
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as XLS, PDF, TXT or read online from Scribd
See more
See less

12/06/2012

pdf

text

original

 
FLOW OF ACCOUNTING ENTRIES
(This is not an exhaustive document)
Sr.No.TransactionAccounting Entries
1 Receipt of MaterialDr. Receiving Inventory A/c.Dr. Receiving Inventory A/c.Dr. Receiving Inventory A/c.Dr. Receiving Inventory A/c.Dr. Vat Interim Receivable A/c.Cr. AP Accrual A/c.2PO InspectionNo Entries3On Claiming CENVATDr. Cenvat Receivable A/c.Dr. Cess On Cenvat Receivable A/c.Dr. S&HE Cess On Cenvat Rece. A/c.Cr. Receiving Inventory A/c.4Material Delivery to InventoryDr. Material Inventory A/c.Cr. Receiving Inventory A/c.5Claim VatDr. Vat Receivable A/c.Cr. Vat Interim Receivable A/c.6Receipt of Vendor's InvoiceDr. AP Accrual A/c.Cr. AP Liability A/c.Cr./Dr.Invoice Price Varience A/c.7Return to Receiving Point from InventoryDr. Receiving Inventory A/c.Cr. Inventory Valuation A/c.Cr. Input Tax8Return to Vendor from Receiving PointDr. AP Accrual A/c.Cr. Receiving Inventory A/c.9Payment Made to VendorDr. AP Liability A/c.Cr. Bank A/c.10Misc. ReceiptDr. Inventory Valuation A/c.Cr. User Specified A/c.11Misc. IssueDr. User Specified A/c.Cr. Inventory Valuation A/c.12Inventory Adjustment (Physical/Cycle Count)Dr./Cr. Inventory Valuation A/c.Cr./Dr. Inventory Adjustment A/c.13Issue to Job from InventoryDr. WIP Inventory A/c.
 
Cr. Inventory Valuation A/c.14Component Return to InventoryDr. Inventory Valuation A/c.Cr. WIP Inventory A/c.15Charge Labour Resource to JobDr. WIP Resource A/c.Cr. Resource Absorption A/c.16Charge Non Labour Resource to JobDr. WIP Resource A/c.Cr. Resource Absorption A/c.17Charge Overhead to JobDr. WIP Overhead A/c.Cr. Overhead Absorption A/c.18Charge OSP Charges to JobDr. WIP OSP Charges A/c.Cr. OSP Absorption A/c.15Completion of JobDr. Inventory Valuation A/c.Cr. WIP Inventory A/c.Cr. WIP Resource A/c.Cr. WIP Overhead A/c.Cr. WIP OSP Charges A/c.16Completed Job Return to Shop FloorDr. WIP Inventory A/c.Dr. WIP Resource A/c.Dr. Overhead Absorption A/c.Dr. WIP OSP Charges A/c.Cr. Inventory Valuation A/c.17Scrap of Job From Shop floorDr. Scrap A/c.Cr. WIP Inventory A/c.Cr. WIP Resource A/c.Cr. WIP Overhead A/c.Cr. WIP OSP Charges A/c.18Sales oreder ShipmentDr. Cost Of Goods Sold A/c.Cr. Inventory Valuation A/c.19Return From Customer (RMA)Dr. Inventory Valuation A/c.Cr. Cost Of Goods Sold A/c.20Invoice Raised on CustomerDr. Receivables A/cCr. Revenue A/c.21Payment Received From CustomerDr. Bank A/c.Cr. Receivable A/c.
 
At what value
PO Rate * QtyExcise Duty Amt.Cess Amt.S&HE Cess Amt.Vat Amt.Rate*Qty+All TaxesExicise DutyCessS&HE CessTotal Of AbovePO Rate * QtyPO Rate * QtyVat Amt.Vat Amt.PO PriceInvoice Price(PO Price - Inv. Price)PO PricePO PricePO PricePO Price Amount PaidUser Input ValueUser Input Value

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->