Accounting Entry in Procurement-Relevant to SAP SD FI

Accounting entry Related to Sap sd fi

For  Factory Sale
 During Billing Document

                        Customer Account                  Dr.

                        Sales Account                                      Cr.

                        Cenvat Suspense Account                   Cr.

 During Excise Invoice Creation

                        Cenvat Suspense Account       Dr.

                        Cenvat payable                                   Cr.

 For TR6C Challan

PLA Account               Dr.

PLA on hold Account              Cr.

 During Fortnightly  Utilization

Cenvat payable           Dr.

Cenvat Account                       Cr.

PLA Account                           Cr. 

For  Stock Transfer through SD           

No Accounting entries for Performa Billing Document
 During Excise Invoice Creation

                        Cenvat Suspense Account       Dr.

                        Cenvat payable                                   Cr.

 For TR6C Challan

PLA Account               Dr.

PLA on hold Account              Cr.

 During Fortnightly  Utilization

Cenvat payable           Dr.

Cenvat Account                       Cr.

PLA Account                           Cr.
Note: Cenvat Suspense Account should be cleared apprpiately using FI JV's.