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Customer return excise reverse

Dear all ?

Normal process for customer returns is create return order with referenece to billing doc. no,post goods receipt,credit memo,

How to do excise postings ?,What will be it accounting entries ?

For credit memo accounting entries are customer a/c cr to revenue account,cenvat suspense,vat payable

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1 Answer

  • Best Answer
    May 10, 2010 at 03:10 AM

    In case of customer returns, you need to adjust the entries via J1IH and the accounting entries after generating credit note would be

    Customer:::::::::::::::Cr

    Sales Return::::::::::Dr

    ED on Sales:::::::::::Dr

    ECess on sales:::::Dr

    SECess::::::::::::::::::Dr

    VAT / CST:::::::::::::Dr

    thanks

    G. Lakshmipathi

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