Professional Documents
Culture Documents
Accounting Entries
Po no:1000012 RC NO:101000003 Receipt Stage Excise duty /CENVAT RM A/C DR Cess on Excise duty/Cess ont RM A/C Dr SH Cess on Excise Duty/Sh Cess RM A/C Dr To Receing Inventory A/C Cr
Receing Inventory A/C Dr Local Sales tax /Vat Interim Recovery A/C Dr To Ap Accruval A/c Cr Basic price Receing Inventory A/C Dr To Ap Accruval A/c Cr At Invoice Generation Stage Accrual A/c Dr To Libility A/c Cr VAT CLAIM VAT Recovery A/c Dr TO Vat Interim recovery A/C Cr
P2P INV ITEM EXCISE WITH VAT( NON 2 RECOVERABLE) PO NO:1000020 RC NO:101000013
DELIVER STAGE 221000 INVENTORY RM A/C DR 221500 RECEING INVENTORY A/C DR RECEIVE STAGE 221500 RECEING INVENTORY A/C DR 151200 AP ACCRUVAL A/C NO CR Baic Price 221500 RECEING INVENTORY A/C DR 151200 AP ACCRUVAL A/C NO CR
INVOICE GENERATION STAGE 151200 Accrual( With Tax) 151100 Liability(With Tax) Payment Make to Supplier 151100 Liability 241100 Cash
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P2P
P2P INV ITEM WITH EXCISE AND 3 VAT(VAT NON RECOVERABLE) PO NO:1000021 DELIVER STAGE 221000 INVENTORY RM A/C DR 221500 RECEING INVENTORY A/C DR RECEIVE STAGE 221500 RECEING INVENTORY A/C DR 151200 AP ACCRUVAL A/C NO CR CENVAT CLAIM 252100 Excise duty /CENVAT RM A/C DR 252200 Cess on Excise duty/Cess ont RM A/C Dr 252300 SH Cess on Excise Duty/Sh Cess RM A/C Dr 221500 RECEING INVENTORY A/C Cr
RC NO:101000014
221500 RECEING INVENTORY A/C DR 151200 AP ACCRUVAL A/C NO CR INVOICE GENERATION STAGE 151200 Accrual 151100 TO Liability
P2P INV ITEM EXCISE AND VAT 4 (EXCISE NON RECOVERABLE) PO NO:1000022 RC NO:101000015
ERS NO:101000015-47
DELIVER STAGE 221000 INVENTORY RM A/C DR 221500 RECEING INVENTORY A/C DR RECEIVE STAGE 221500 RECEING INVENTORY A/C DR 151200 To AP ACCRUVAL A/C NO CR 251360 SALES TAX/VAT INTERIM RECOVERY A/C DR
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P2P VAT CLAIM VAT Recovery A/c Dr TO Vat Interim recovery A/C Cr SUPPLIER PAYMENT 151100 Liability 241100 To Cash
6 P2P EXP ITEM With SERVICE TAX 2 Way PO NO:1000022 152150 252410 252610 252610 151100 INVOICE GENERATION STAGE Ap Accrual A/c Cr Service tax interim Recovery A/C Dr Service tax Cess interim Recovery A/C Dr Service tax SHCess interim Recovery A/C Dr TO LIBILITY A/C Cr SUPPLIER PAYMENT STAGE 151100 Liability A/ C DR 241100 TO Cash A/C CR After Running India Service tax Processing Service tax Recovery A/C Dr Service tax Cess Recovery /Benfit Service taxSH cess Recovery /Benfit TO Service tax Cess interim Recovery A/C Dr TO Service tax Cess interim Recovery A/C Dr TO Service tax SHCess interim Recovery A/C Dr
7 P2P EXP ITEM WITH SERVICE 3 WAY PO NO:1000024 ERS-101000016 INVOICE GENERATION STAGE Ap Accrual A/c Cr Service tax interim Recovery A/C Dr Service tax Cess interim Recovery A/C Dr Service tax SHCess interim Recovery A/C Dr 151100 To Liability Cr A/C(With tax)
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P2P 252400 252600 252600 252410 252610 252610 After Running India Service tax Processing Service tax Recovery A/C Dr Service tax Cess Recovery /Benfit Service taxSH cess Recovery /Benfit TO Service tax Cess interim Recovery A/C Dr TO Service tax Cess interim Recovery A/C Dr TO Service tax SHCess interim Recovery A/C Dr
Receipt Stage RECEING INVENTORY A/C CR AP ACCRUAL A/C NO DR EXCISE DUTY/CENVAT RM A/C DR CESS ON EXCISE DUTY/CESS RM A/C DR SH CESS ON EXCISE DUTY/CESS RM A/C DR TO RECEIVING INVENTORY A/C Cr DELIVER STAGE TO RECEIVING INVENTORY A/C Cr INV RM A/C DR
INV Generation AP ACCRUAL A/C NO DR TO LIBILITY A/C Cr THIRD PARTY INV Item Expense A/C DR TO LIBILITY A/C Cr SUPPLIER PAYMENT Liability TO CASH A/ C CR Third Party Inv NO: Receipt /10100139/10000 THIRD PARTY PAYMENT Liability TO CASH A/ C CR
Prepayment Inv Supplier 251370 Prepaid Expense A/C Dr 151100 TO Libililty A/C Cr CREDIT MEMO to Supplier 151100 Liability A/C Dr Page 4
P2P 153410 TO Item Expense A/C CR Standard inv to Commissioner income tax 153410 Item Expense A/C DR 152100 To Libility A/c Cr
Standar Inv Generations 153410 Item Expense A/C DR 152100 TO LIBILITY A/C Cr Standard inv to Commissioner income tax 153410 Item Expense A/C DR 152100 TO LIBILITY A/C Cr CREDIT MEMO to Supplier 151100 Liability 153410 TO Item Expense A/C CR PREPAYMENT ADJUST TO STANDARD INV 151100 Liability 251370 TO Prepaid Expense A/C Cr Balance Standard Inv Amt Payment Entry 151100 Liability 241100 To Cash A/C Cr
Automatically Return Entries Created For Prepayment creditmemo a CREDIT MEMO INV 151100 Liability 153410 TO Item Expense A/C CR STANDARD INVOICE 153410 Item Expense A/C DR 1511100 TO LIBILITY A/C Cr
P2P PO NO:1000047 RC NO:101000027 Receinving Inv A/c Dr Vat interim Recovery A/C Dr To AP Accrual A/C cr Cenvat Claim 252140 252220 252320 221500 Cenvat on CG A/C Dr Cess on CG A/C Dr SH Cess on CG A/C Dr To Receiving Inv A/C Cr Cenvat Recoverable Entry 50% 252140 252220 252320 251320 251330 251340 Cenvat on CG A/C Dr Cess on CG A/C Dr SH Cess on CG A/C Dr To Excise Duty Recoverable on capital Goods TCess Recoverable on capital Goods To SH Cess Recoverable on capital Goods
INV GENERATION STAGE Accrual A/C Dr MIS Exp A/C Dr MIS Exp A/C Dr MIS Exp A/C Dr MIS Exp A/C Dr To Libility A/c Cr To Libility A/c Cr To Libility A/c Cr To Libility A/c Cr
Customs Duty PO NO:1000125 RC NO:101000087 BOE INV NO:10141 ITEM NAME:PLATE 15 MM Page 6
P2P TYPE:Raw Material AB1 Cutsoms Assessable Value AB2 Customs Duty Basic 10 AB3 Customs Duty Additional AB4 - Cutoms Duty - CVD Education Cess AB5 (2) Customs Duty CVD SCH Education Cess AB6 Customs Duty - Education Cess 2.3.4.5 AB7 Customs Duty SH Education Cess 2.3.4.5 AB8 Customs Duty Additional CVD 1.2.3.4.5.6.7 Customs Duty Assessable Value Reversal
1 1.2 3 3
Receiving inv A/c Dr To Custome Duty/Bill of Entry A/C Cr CENVAT CLAIM Excise Duty /Cenvat RM A/C Dr Cess on Excise Duty/Cess on RM A/C Dr SH Cess on Excise Duty/SH Cess on RM A/C Dr To Receiving Inv A/C Cr
Non Recoverable Tax entry 221000 Receiving Inv A/C Cr 221500 TO Inv Rm A/c Cr INV GENERATION STAGE Accrual A/C Dr To Libility A/c Cr
Payment Make to Supplier Libility A/C Dr To Cash A/c Cr Custom Duty invoice Item Exp A/C Dr To Libility A/c Cr Payment Made Customes Dept Libility A/C Dr To Cash A/c Cr
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P2P
counting Entries
Amt 1232 24.64 12.32 1268.96 Amt A/C Code Pickup From Additional Org info Additional Org info Additional Org info Inventory Org parmeters
18751.96 18751.96
2083.62 2083.62
1257.42 1257.42
151200 151100
1257.42 1257.42
151100 241100
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P2P
Vat Amt 233.94 233.94 151.54 151.54 80 1.6 0.8 82.4 Basic Price Basic Price 1000 1000
221500 151200
1233.94 1233.94
151200 151100
1233.94 1233.94
151100 241100
221500 151200
1240.88 1240.88
151200 151100
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1240.88 1240.88
158832 158832
1103 1103
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5000 5000
13236 13236
5000 5000
50000 50000
-1000 Page 11
P2P -1000
1000 1000
50000 50000
-2000 -2000
es Created For Prepayment creditmemo and Standard Inv To Supplier -1000 -1000
1000 1000
2000 2000
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4000 80 40
Additional Org Additional Org Additional Org 4000 Additional Org 80 Additional Org 40 Additional Org
100000 100000
CAPITAL GOODS APH-EXCISE DUTY @8% APH-EXCISE EDUCATION CESS @2% APH-EXCISE SH EDUCATION CESS @1% APH-VAT @12.5%
121770 121770
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P2P Tax Rate Currency USD INR INR INR INR INR INR INR USD Tax Amt 10000 40000 35200 704 352 1525.12 762.56 19141.75 -10000
61429.43 61429.43
10000 10000
10000 10000
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O2C
O2C WITH EXCISE AND VAT AT Shipping Stage Cost of goods Sold A/C Dr To inventor A/C Cr SO NO:10100075 INV GENERATION Receivable A/c Dr To Revenue A/C Cr To Loca sales tax /Vat interim recovery A/C Cr To Excise duty Paid /Payable To Cess paid/payable A/C Cr To SH Cess paid /payable A/C Cr Customer Receipt Cash A/C Dr To Receivable A/C Cr AFTER RUNNING INDIA EXCISE INVOICE GENERATION Excise duty Paid /Payable Dr A/C Cess paid/payable A/C Dr SH Cess paid /payable A/C Dr To Cen Vat Rm A/C Cr TO Cess on Excise Duty A/C Cr To SH Cess on Excise Duty A/C Cr AFTER RUNNING INDIA VAT INVOICE GENERATION Vat Libility A/C Dr ToVat interim Recovery A/c Cr
O2C WITH EXCISE NON RECOVERABLE SO NO:10100077 INV GENERATION Receivable A/c Dr To Revenue A/C Cr To Excise duty Paid /Payable To Cess paid/payable A/C Cr To SH Cess paid /payable A/C Cr
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O2C VAT NON RECOVERABLE SO NO:10100078 INV GENERATION Receivable A/c Dr To Revenue A/C Cr To Local Sales tax/Vat Interim libility A/C Cr Customer Receipt Cash A/C Dr To Receivable A/C Cr
INV GENERATION Receivable A/c Dr To Revenue A/C Cr TO Service tax Interim Libility A/c TO Cess on Service tax Libility A/C Cr TO SH Cess on Service tax Libility A/C Cr Customer Receipt Cash A/C Dr To Receivable A/C Cr
AFTER RUNNING INDIA VAT INVOICE GENERATION Service tax Interim Libility A/c Cess on Service tax Libility A/C Cr SH Cess on Service tax Libility A/C Cr To Service tax libility A/C
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O2C
50000 50000
Transaction Type Transaction Type Vat Regime Registration Additional Org Info Additional Org Info Additional Org Info
60885 60885
VOICE GENERATION 4000 80 40 4000 80 40 Additional Org Info Additional Org Info Additional Org Info Additional Org Info Additional Org Info Additional Org Info
6765 6765
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O2C
13236 13236
68400 68400
55150 55150
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O2C
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