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author's profile photo Former Member
Former Member

J1IH

hi all

how to clear the cenvat clearing account entry which comes after psoting JV thru J1IH

case: procure excisabel raw material excise duty -->10 pc @10rs/pc

at GR accoutning entry

100 rs BED debit

100 rs Cenvat clearing credit

At invoice

100 rs debit cenvat clearing and vendor credit for 100 rs

but I have consumed 1 pc of the material X for my own purpose

now I reverse the BED via J1IH and the account comes as

BED credit for 10rs

Cenvat clearing debit 10rs

Questiion how to knock off thsi 10 rs entry from cenvat clearing account

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1 Answer

  • author's profile photo Former Member
    Former Member
    Posted on Oct 11, 2010 at 12:11 PM

    moving to MM forum

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