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Accounting Flow

Accounting Flow

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Published by: api-3806547 on Oct 17, 2008
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03/18/2014

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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
voice
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 TYPE
PORPOSED 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
bas
i
c
311001 Sales Dom-Manufactur
-80 Amortization
261993 ED Collection A/C
-82 ED after taking into con
sideration of all the three R
261993 ED Collection A/C
-2
262410 VAT Payable
-74.28 VAT calculated on am
ortizat
i
on amount also
###
(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

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