Excise in Inventory
Excise Duty Management
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Article
•
4/29/2023
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2 min
| Excise In Inventory – Purchase And Sales | ||
|---|---|---|
| Outgoing | ||
| Posting | Purchase Return | Sales |
| Shipment | Inventory Account (Interim) | Inventory Account (Interim) |
| At Inventory Account | At Inventory Account | |
| Invoice | Purch. Credit Memo Account | Sales Account |
| At Inventory Account (Interim) | At Inventory Account (Interim) | |
| Excise In Inventory – Purchase And Sales | ||
|---|---|---|
| Incoming | ||
| Posting | Purchase | Sales Return |
| Shipment | Inventory Account | Inventory Account |
| At Inventory Account (Interim) | At Inventory Account (Interim) | |
| Invoice | Inventory Account (Interim) | Inventory Account (Interim) |
| At Purchase Account | At Sales Return Account | |
| Excise In Inventory – Transfer | |||
|---|---|---|---|
| Posting | Transfer From | Transit | Transfer To |
| <Blank> | <Blank> | <Blank> | |
| Shipment | Transfer Account (Interim) | Inventory Account | |
| At Inventory Account (Interim) | At Transfer Account | ||
| Receipt | Transfer Account (Interim) | Inventory Account | |
| At Inventory Account | At Transfer Account (Interim) | ||
| Excise In Inventory – Adjustments | ||
|---|---|---|
| Posting | Positive | Negative |
| Item Journal Line | Inventory Account | Inventory Adjmt. Account |
| At Inventory Adjmt. Account | At Inventory Account | |
| Excise In Inventory – Production | ||
|---|---|---|
| Posting | Positive | Negative |
| Output | Inventory Account | |
| At Production Balance Account | ||
| Consumption | Production Balance Account | |
| At Inventory Account | ||
| Excise In Inventory – Assembly | ||
|---|---|---|
| Posting | Positive | Negative |
| Output | Inventory Account | |
| At Assembly Balance Account | ||
| Consumption | Assembly Balance Account | |
| At Inventory Account | ||