Accounts hit during different MM transactions

Question

Could anybody help in knowing the accounts hit during below transactions in MM.
With Std price method of valuation, during different scenarios - GR, IR & Payment
Normal procurement from vendor - accounts debited, credited, accounts hit in case of price difference
STO between plants - accounts debited, credited, accounts hit in case of price difference
STO between co codes - accounts debited, credited, accounts hit in case of price difference
Subcontracting - accounts debited, credited, accounts hit in case of price difference, accounting of bi product & scrap
Consignment - accounts debited, credited, accounts hit in case of price difference
With MAP method of valuation, during different scenarios - GR, IR & Payment
Normal procurement from vendor - accounts debited, credited, accounts hit in case of price difference
STO between plants - accounts debited, credited, accounts hit in case of price difference
STO between co codes - accounts debited, credited, accounts hit in case of price difference
Subcontracting - accounts debited, credited, accounts hit in case of price difference, accounting of bi product & scrap
Consignment - accounts debited, credited, accounts hit in case of price difference
Thanks
Muralidharan B

Answer 1

Hi,
For Domestic Procurement of Raw Material
            During GR
Material Stock             Dr.
GR/IR clearing                        Cr.
            During Excise Invoice Credit            
Cenvat Account          Dr.
Cenvat Clearing                      Cr.
            During Invoice Verification
Cenvat Clearing          Dr.
GR/IR Clearing           Dr.
Vendor Payable                      Cr.
For Import Procurement of Raw Material
            During Customs Duty Clearing invoice
Custom Clearing         Dr.
Custom Payable                      Cr.
            During GR
Material Stock             Dr.
GR/IR clearing                        Cr.
            During Excise Invoice Credit            
Cenvat Account          Dr.      
Custom Clearing                     Cr.
            During Invoice Verification
GR/IR Clearing           Dr.
Vendor Payable                      Cr.
For Excise Duty Credit of Raw Material without PO
Cenvat Account          Dr.      
Cenvat Clearing                      Cr.
For Excise Duty Reversal through Excise JV
Cenvat Clearing          Dr.      
Cenvat Account                      Cr.
What should be my accounting entry when the goods are issued through MM and excise invoice is created (J1IS & J1IV)?
During Excise Invoice Creation
Cenvat Suspense Account      Dr.
Cenvat payable                                   Cr.
For TR6C Challan
PLA Account              Dr.
PLA on hold Account             Cr.
During Fortnightly  Utilization
Cenvat payable            Dr.
Cenvat Account                      Cr.
PLA Account                          Cr.
Note: Cenvat Suspense Account should be cleared appropriately using FI JV's.
What should be my accounting entry in subcontracting reversal / Recredit?
For Subcontracting Challan Reversal
Cenvat Reversal          Dr.
Cenvat Account                      Cr.
For Subcontracting Challan Recredit
Cenvat Account          Dr.
Cenvat Reversal                      Cr.
pherasath