what is excise duty and what should be the entry of
purchase and sale in account books of excise

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what is excise duty and what should be the entry of purchase and sale in account books of excise..

Answer / kapilsingh

excise duty chargeabe on the all manufacturing products
purchase a/c dr
excise duty a/c dr
to cash


for sales entry
cash a/c dr
to sales
to excise

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what is excise duty and what should be the entry of purchase and sale in account books of excise..

Answer / soumya ranjan barik

purchase /C DR
EXCISE DUTY A/C DR
TO CASH
IN CASE OF SALE
CASH A/C DR
TO SALES A/C
TO EXCISE DUTY A/C

Is This Answer Correct ?    0 Yes 0 No

what is excise duty and what should be the entry of purchase and sale in account books of excise..

Answer / kapilsingh

excise duty chargeabe on the all manufacturing products
purchase a/c dr
excise duty a/c dr
to cash


for sales entry
cash a/c dr
to sales
to excise

Is This Answer Correct ?    0 Yes 1 No

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