Answer / aman

Central excise duty is an indirect tax which is charged on
such goods that are manufactured in India and are meant for
domestic consumption. The taxable fact is "manufacture" and
the liability of central excise duty arises as soon as the
goods are manufactured. The tax is on manufacturing, it is
paid by a manufacturer, which is then passed on to the
customer.

The term "excisable goods" means the goods which are
specified in the First Schedule and the Second Schedule to
the Central Excise Tariff Act 1985.

What is the proces of transfer of goods from one branc at Mumbai to the other jBranch at Ajhmedabad? Clearly state the provisions of the relevant Act?

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What is journal

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46 Answers   ASL, Capital IQ, Dharshini Impex, HSBC, TISS,

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what is Rectification of errors?

1 Answers   EDS,

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Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times

0 Answers  

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