Accounting entries and material moment types after PGI

[Former Member]

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

[Former Member · Accepted solution]

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

[Former Member]

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

[Former Member]

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