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 accounting treatment for contingent laibility?

3 Answers   Capital IQ,

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where do u get credit opening balance?

3 Answers  

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How are fund-raising and publicity and management and administration costs apportioned over funds?

0 Answers  

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When we are using the DEPB licence for duty adjustment 100 %, there is no cash payment to customs. If i am a trader and registered with excise, Can we avail the modvat credit and pass on to customers?

4 Answers   ABC,

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"while Financial accounting is external, cost accouting is internal to the business" Explain?

1 Answers   Deloitte,

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what is crr

5 Answers   IBPS,

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Hi, Please post in here the Aptitude Test Questions given in companies like Thomson, Reuters, GMS, JP Morgan, Northern Trust Bank etc.

0 Answers   Reuters,

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An accountant used the horizontal layout to create a balance sheet. The capital of the owner was shown next to the liabilities, the confused owner argues, "My capital is my major asset and should be shown as an asset on the statement of financial position. how to begin explaining the misunderstanding to him????

0 Answers   Moon Corporation,

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describe how accuracy in trial balance is a prime objective for preparing the financial statements?

2 Answers  

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What are liabilities

3 Answers  

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what do we mean we say that accounting is a means rather than an end?

0 Answers  

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Maximum % of Basic Salary

1 Answers  

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