Accounting enrty for Check receipt for scrap sale in FBCJ - Cash Journal

[Former Member]

Dear All Experts,

Good Morning !

I have to setup a business transaction where my user is getting a cheque for miscellaneous incomes. Like scrap sale, commission received. Currently need to setup for above to scenario's.

1 ) Scrap Sale.

2 ) Commission Received.

Can I have experts help for setting up these transaction ? And what would be accounting enrty will be for this with posting keys.

Exprts guidance / help will be very much appreciable.

Thank you !

Regards,

Revati Joshi.

[narasimhulu_konnipati · Accepted solution]

The actual accounting entry will be

Bank A/c Dr

To Scrap sales/Misce. Income

If you do not have the Business transactions set up for "Misce. Income or Scrap sales revenue....please add them in FBCJC2.

Your problem would solve with this

Thanks

[Former Member]

Hi,

These entries may useful for you.

A) Customer A/c Debit

Scrap sales A/c Credit.

B) Incoming check clearing A/c Debit

Customer A/c Credit

C) Bank A/c Debit

Incoming check clearing A/c Credit

[srinivasa_maruvada]

Check here

SPRO-Financial Accounting (New)-Bank Accounting-Business Transactions-Cash Journal............Check here all nodes

and particularly transaction code FBCJC2 (Create, Change, Delete Business Transactions)

Srinivas