Skip to Content
0
Former Member
Nov 12, 2012 at 07:11 AM

FOC accounting entry problem

955 Views

Hi,

In FOC sales process customer is not going to charge any thing (Excise or VAT).

Current accounting entry : Mr.Avathi Trades a/c Dr 1200

To Excise BED CR 1000

To CST CR 200..( Excise entries example).

Now required accounting entry is :

Excise Duty Paid DR: 1000

Sales Tax paid DR: 100

TO Sales BED CR 1000

CST payable CR 100 ( Amounts are for EXAMPLE).

*For this seperate pricing procedure, seperate billing type are maintained.

We have copied the excise values to one new condition as 100% Discount,by this values are becoming zero and no accounting document is not generating.

Tried in forum but not met the solution.

Please suggest