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    Case Entry From Simple Invoice Creation

    Uploaded by

    chirag
    The document describes various accounting entries for different invoice and payment scenarios in accounts payable. It outlines entries for simple invoice creation, payments including foreign exchange payments, interest invoices, invoices withholding tax, and entries related to purchasing like inspection. For each scenario it lists the debit and credit accounts.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Case Entry From Simple Invoice Creation

    Uploaded by

    chirag
    79 views4 pages
    The document describes various accounting entries for different invoice and payment scenarios in accounts payable. It outlines entries for simple invoice creation, payments including foreign exchange payments, interest invoices, invoices withholding tax, and entries related to purchasing like inspection. For each scenario it lists the debit and credit accounts.

    Original Description:

    Accounting entries

    Original Title

    Accoutng Entries

    Copyright

    © © All Rights Reserved

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    XLSX, PDF, TXT or read online from Scribd

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    The document describes various accounting entries for different invoice and payment scenarios in accounts payable. It outlines entries for simple invoice creation, payments including foreign exchange payments, interest invoices, invoices withholding tax, and entries related to purchasing like inspection. For each scenario it lists the debit and credit accounts.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    79 views4 pages

    Case Entry From Simple Invoice Creation

    Uploaded by

    chirag
    The document describes various accounting entries for different invoice and payment scenarios in accounts payable. It outlines entries for simple invoice creation, payments including foreign exchange payments, interest invoices, invoices withholding tax, and entries related to purchasing like inspection. For each scenario it lists the debit and credit accounts.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    You are on page 1of 4

    Case Entry From

    Simple Invoice Creation Exp A/c Dr From Distribution


    To,Supplier Liab From Supplier Site

    When Payment Supplier Liab Dr From Supplier Site


    To, Cash Clearing From Bank Account

    Cash Clearing Dr From Bank Account


    To, Cash/Bank A/c From Bank Account

    Foreign Exe Payment Supplier Liab Dr


    Exchange Loss Dr From Payable Options
    To, Cash Clearing
    To, Excahnge Gain A/c From Payable Options

    Cash Clearning Dr
    Exchange loss Dr From Bank Account
    Bank charges A/c From Bank Account
    Bank Error A/c From Bank Account
    TO cash
    to Exchange gain From Bank Account

    Interest Invoice Interest Exp Dr From Payable Option


    To Supplier Liabil From Payable Option

    Invoice When there is with holdong tax Exp A/c Dr


    To Liabli A/c
    To, With Holding tax liability A/c Specified While Creating
    ( Deffered Tax Liabili A/c) Tax Code

    With Holding tax liability A/c


    With Holding Tax Invoice ( Deffered Tax Liabili A/c) Dr

    Supplier Site defiend in


    To, With hodling Supplier Liability Liability account for Tax
    A/C ( Income Tax Liability Account) authority
    Accounting for Interest invoice automatically generated when payment is made no need to run separate accounting for inte
    n separate accounting for interest invocie
    Entries in Purchasing

    1. When there is inspection

    1 PO Delivery into Inventory

    Offset/Exp/Asset A/c Dr
    To, Receiving Inspecton Account

    2 Receipt into Receiving Inspection

    Receiving Inspecton Account Dr


    To, Inventory AP Accrual

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