Question
What Nominal Postings are created by a Sales Ledger Sundry Posting?
Answer
Nominal Postings created by sundry Invoices:
Debit > S/L Control nominal > for the value entered in ‘Total Inc.’ field
Credit > V.A.T Output nominal > for the value entered in the ‘VAT’ field
Goods > V.A.T. Output nominal > for the value of ‘Total Inc.’ - ‘VAT’
Credit > Nominal code entered by the user > for the value of ‘Total Inc.’ - ‘VAT’
Nominal Postings created by sundry credits:
Credit > S/L Control nominal > for the value entered in ‘Total Inc.’ field
Debit > V.A.T Output nominal > for the value entered in the ‘VAT’ field
Goods > V.A.T. Output nominal > for the value of ‘Total Inc.’ - ‘VAT’
Debit > Nominal code entered by the user > for the value of ‘Total Inc.’ - ‘VAT’