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J1IH--Other Adj Credit in PLA BED Account How to Clear

former_member2342
Active Contributor
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Dear

When JV was passed using J1IH--Other Adjs the following entry was passed when tried to give credit to Cenvat Receivable Account (since at that time there was a credit balance in Cenvat Receivable Account)

Cenvat Clearing Account Dr 2.58

PLA BED Account 2.58

With the above entry, PLA BED is showing a credit balance of Rs.2.58 lakh.

instead of the following entry

Cenvat Clearing Account Dr 2.58

Cenvat Receivable Account 2.58

How I can I pass the following rectification entry (now Cenvat Receivable Account shows a debit balance) in order to clear the Credit balance in PLA BED Account

PLA BED Account Dr 2.58

Cenvat Receivable Account 2.58

Whether a normal JV can be passed using either FB50 or F-02 for the above? If normal entry is passed will there be any problem while running J2IUN?

Regards

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former_member2342
Active Contributor
0 Kudos

Dear

As advised by our consultants--

Entry passed in J1IH other Adjs by giving Dr to PLA BED A/c and Cr automatically goes to Cenvat Receivable A/c

Regds