What are PO Receipt Accounting Entries for Excise Inclusive tax in R12
Hi,
We have added inclusive taxes as excise and VAt while creating the PO. Taxes are set as inclusive and tds calender setup also done for inclusive type of taxes. In PO tax window inclusive amount is showing and total tax amount is 0. Excise and vat both are recoverable.
While creating the receipt, none of the excise registers got hit. Please let me know what are the accounting entires for inclusive tax both at PO receipt and during shipment of goods