Dgft accounting entry
This query is : Resolved
16 February 2015
Dear all,
i have to prepare system for accounting on DGFT benefit. Kindly give me accounting entries for DGFT transaction. As per my point of view following entries should be passed.
At the time of export
DGFT/Advance licence Dr
Export Incentive Cr
At the time of Sale to 3rd party
Customer Dr
DGFT/ Advance Licence Cr
At the time of Adjustment to custom duty
Custom duty payable Dr
DGFT/Adcance Licence Cr
Kindly give me direction or suggetion
i have to prepare system for accounting on DGFT benefit. Kindly give me accounting entries for DGFT transaction. As per my point of view following entries should be passed.
At the time of export
DGFT/Advance licence Dr
Export Incentive Cr
At the time of Sale to 3rd party
Customer Dr
DGFT/ Advance Licence Cr
At the time of Adjustment to custom duty
Custom duty payable Dr
DGFT/Adcance Licence Cr
Kindly give me direction or suggetion
16 February 2015
Dear Freinds,
There is one more doubt in above entries about how to knock off Export Incentive account?
There is one more doubt in above entries about how to knock off Export Incentive account?
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