RE:[sap-acct] Excise refund received after capitalising asset

Posted by VidhyaDhar (User-friendly SAP FI Consultant)
on Jul 10 at 10:51 AM
Hi

How did you do the acquisition? Was it from financials or from MM (with Purchase Order)? In case you had created goods receipt note, then was it a valuated one or non-valuated?

Have you already accounted the vendor invoice with the inflated value ? or are you yet to account the vendor invoice?

What do you mean by refund of excise duty? Did you get a refund from statutory authorities or as a credit memo from the vendor?

More details are required, I suppose

Regards


VidhyaDhar

---------------Original Message---------------
From: MANISH SANGHVI
Sent: Saturday, July 09, 2011 10:21 AM
Subject: Excise refund received after capitalising asset

Dear All,

During the month of May -2011, we capitalsied asset called Ambulance
for Rs. 5,50,000/- (capitlisation date 31.March, 2011)

After two months we have received Excise refund of Rs. 55,000, which
was paid while buying Ambulance.

This Excise refund was credited to vendor account.

Now I have to Debit vendor and credit Asset account.

I have to reduce cost of Asset

I have not posted Depreciation on Books from April-11 onwards.
How to Proceed.... Please help.

--
best regards,
Manish Mahendra Sanghvi
98208 83148

__.____._
Copyright © 2011 Toolbox.com and message author.

Toolbox.com 4343 N. Scottsdale Road Suite 280, Scottsdale, AZ 85251
Mark as helpful
View this online
  
VidhyaDhar
SAP Accounting Top Contributor

Contributed the most posts in a group for a month to earn a Silver Achievement
Popular White Papers

In the Spotlight
Toolbox.com Marketplace: Take online training courses in SAP and other specialized areas of business and IT.
_.____.__

0 nhận xét:

Post a Comment

Blog Archive