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example Actual STD basic 1000 800 duty 120 Total 1120 800 Oracle Process Account Description DR. Cr. Receipts – Receiving RECEIVING INVENTORY 1120 INVENTORY AP ACCRUAL 1120 Cenvat Claim 120 RECEIVING INVENTORY 120 Receipts – Delivery Stock RM 800 200 RECEIVING INVENTORY 1000 Invoice INVENTORY AP ACCRUAL 1120 Liability 1120 Payment Liability 1120 Bank/Cash Account 1120 EXCISE DUTY-RG (BED + Cess+ Sh Cess) Standard Cost IL Tax/Purchase Price Variance

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Page 1: Accounting

example Actual STDbasic 1000 800duty 120

Total 1120 800

Oracle Process Account Description DR. Cr.

Receipts – ReceivingRECEIVING INVENTORY 1120INVENTORY AP ACCRUAL 1120

Cenvat Claim120

RECEIVING INVENTORY 120

Receipts – Delivery

Stock RM 800200

RECEIVING INVENTORY 1000

InvoiceINVENTORY AP ACCRUAL 1120Liability 1120

PaymentLiability 1120Bank/Cash Account 1120

EXCISE DUTY-RG (BED + Cess+ Sh Cess)

Standard Cost IL Tax/Purchase Price Variance

Ahmed Elshahat1 THE LANGUAGE OF ACCOUNTING. Ahmed Elshahat2 1. THE LANGUAGE OF ACCOUNTING ACCOUNTING DEFINED WHO USES ACCOUNTING? TYPES OF ACCOUNTING

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