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Former Member

Accounting entries and material moment types after PGI

Hi……….

What documents will generate after PGI. (vl01n)

What document will generate after invoice.vf01

What document will generate after excise invoice. Ji11n.

Accounting entries and any invent arty …………pls explain me elaborately………

Aditya

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    author's profile photo Former Member
    Former Member
    Posted on Nov 23, 2007 at 09:09 AM

    hi

    entries in PGI-

    stocks value - cr

    cost of goods sold- dr

    after invoice-

    customer debit

    revenue, taxes- cr

    after j1iin

    clearing or suspense - dr

    bed, ecess, higher edu cess- cr

    saurabh

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  • author's profile photo Former Member
    Former Member
    Posted on Nov 23, 2007 at 07:55 AM

    These are the accounting docs with respective documents generated during sales process,

    <b>a) At the time of delivery of goods (PGI)</b>

    Cost of goods sold account Dr

    Inventory account Cr

    (This entry is passed by the cost of the item delivered)

    <b>b) During generation of Invoice</b>

    Customer / Debtors account Dr

    Sales/Revenue account Cr

    Taxes Cr

    (This entry is passed by the selling price)

    <b>c) During collection of Payment</b>

    Bank account Dr

    Discount Dr

    Customer/ Debtors account Cr

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  • author's profile photo Former Member
    Former Member
    Posted on Nov 23, 2007 at 08:18 AM

    Hi,

    Rest all are fine as shared by one of our friends.

    For Excise Invoice,

    BED Paid Dr

    ECS Paid Dr

    H. ECS Paid Dr

    BED Payable Cr

    ECS Payable Cr

    H.ECS Payable Cr

    Reward points, if helpful

    Regards,

    Gaurav Grover

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