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Former Member

Sales Invoice

Hi,

I want to know the difference in between A/R Invoice or Outgoing Excise Invoice(Sales Order -> Delivery -> A/R Invoice or Outgoing Excise Invoice ).In which scenario i have to use A/R Invoice or Outgoing Excise Invoice.

Regards

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2 Answers

  • Best Answer
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    Former Member
    Oct 15, 2008 at 09:57 AM

    Hi Sandeep,

    The Outgoing Excise Invoice is used to post the Excise entries into your books of Accounts.

    While the A/R Invoice is your final invoice which is to be given to customer & in which your Customer is debited and revenve is booked.

    Example -

    At Deliver

    COGS A/c Dr. XXX

    INVENTORY A/C Cr. XXX

    At OutGoing Excise Invoice

    Excise Duty Paid A/c Dr. xxx

    Basic Excise Duty Payable A/c Cr.

    Education Cess Payable A/c Cr.

    S & H E Cess payable A/c Cr.

    A/R Invoice

    Customer A/c Dr. XXX

    Revenve A/c Cr . XXX

    Excise Duty Paid A/c XXX

    Hope this will help you in understanding the difference.

    Thanks & Regards,

    Abhishek

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    Former Member
    Oct 15, 2008 at 09:50 AM

    Hi sandeep,

    Outgoing invoice is basically a TAX invoice. which will be of 3 copies. 1. Self copy 2. Customers copy 3. Drivers copy. Out going excise invoice will be only prepared if the item is excisable.

    Basically customers can avail credit on excise only with customer copy.

    even though if you do outgoing excise invoice u have to do A/R invoice to debit the customer.Unless you do A/R invoice the balance of the customer will not increased.

    Regards

    Shashi

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