Excise
This query is : Resolved
01 September 2011
when we Prepare profit and loss a/c in company act
so why we deduct Excise duty on sale amount
pls define
so why we deduct Excise duty on sale amount
pls define
01 September 2011
Pl. elaborate your query.
However, general accounting concept of matching and period does apply in preaparing the P&L Account and accordingly P&L is determined for the period hence cost vis a vis revenue are to be matched, correspondingly excise duty paid on sold goods is the matter of consideration in the cost of production.
However, general accounting concept of matching and period does apply in preaparing the P&L Account and accordingly P&L is determined for the period hence cost vis a vis revenue are to be matched, correspondingly excise duty paid on sold goods is the matter of consideration in the cost of production.
07 August 2023
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