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Former Member
Jun 06, 2008 at 05:15 AM

Accounting Entries of Outgoing Excise Invoice and Commercial Invoice


Hi All,

I am using SBO 2005 B. After adding Excise Invoice and Comm. Invoice. I am checking the A/c. effect from Comm. Invoice -> Accounting Tab. and click on the link. It is creating two entries. The Entry it opens is as below..

Account Debit Credit

C01735 -A D Enterprice 46500

221202 - CST Payable 911.76

412001 - Sales Treding Gujarat 40000.00

510010 - Excise Duty 5587.75

420011 - Rounding Off 0.49

when i go to its previous entry, it shows me below entry...

Account Debit Credit

221225 - Excise Duty Payable 5425.00

Cess On Excise - Payable 162.75

510010 - Excise Duty 5587.75

I have doubt i have enter wrong accounts in G/L account determination. - > generatl - > CENVAT

Can any body explain me wht accounts i have to enter there.

Thanks and regards..

Chintesh Soni