7/21/2019 Accounts Receivable Journal Entries

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7/21/2019 Accounts Receivable Journal Entries

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11/10/13 Accounts Receivable Journal Entries | SAP FICO Docs

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3) SALE OF TRADED GOODS

 Accounting Entry for Sale of Traded goods

Customer a/c…….………….Dr. xxxx

To Sales a/c xxxx

To Sales Tax Payable a/c xxxx

4) RECEIPT FROM CUSTOMER (INCOMING

PAYMENT)

The receipts from Customers are handled through

Finance Accounting (Accounts Receivable).

The respective document type for receipt from

customers is to be used.

Incoming Bank a/c………………………..Dr. xxxx

To Customer a/c xxxx

5) SALES RETURNS (CREDIT NOTES)

The Sales Returns are processed from SD module.

Inventory Finished goods a/c…….Dr. xxxx

7/21/2019 Accounts Receivable Journal Entries

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11/10/13 Accounts Receivable Journal Entries | SAP FICO Docs

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To Cost of goods sold Cr. xxxx

The accounting entry that gets generated in the

system is as below:

Sales a/c…………………………………. Dr xxxx

Sales Tax Liability a/c…………………….Dr. xxxx

To Customer a/c xxxx