Attention: To align with new corporate security policies, and to match policies adopted by other communities within Oracle, the My Oracle Support Community access requirements will change beginning September 18, 2025. MOSC will now require that member accounts in our community be associated to a *corporate* email address. This means that users with generic domains (such as gmail.com, yahoo.com, and others) will no longer be granted access to the discussion forums and ideas labs. If this policy affects you, act now to change the email address that is associated with your Oracle (and community) account. Alternatively, you can opt to create a new Oracle account that uses your corporate email domain.

Financials for India - EBS (MOSC)

Accounting entries on tax recovery

Aug 9, 2017 5:20AM in Financials for India - EBS (MOSC) Question

Anyone can share the accouting entries for the below transaction;

Item	Qty	Price	Value	Disc 10%	Item value	Tax 18%	Amount
ABC	5	10	50	5	45	8.1	53.1

Discount is non-recoverable, that will be added on item cost.

Tax is a recoverable and claim to be done

Kindly share the accounting entries for transaction;

1. Receipt - Receive

2. Receipt - Deliver

3. Tax claim

4. Return to Vendor

5. Tax unclaim

Shanthi

0

Howdy, Stranger!

To view full details, sign in to My Oracle Support Community.

Don't have a My Oracle Support Community account? Click here to get started.

Category Leaderboard

Top contributors this month