Accounting effect of Prov. of Excise duty on Finished goods

This query is : Resolved 

03 February 2009 It is stated as per ICAI guidance notes Exise duty provision is made on Finished goods having no effect on the profit & loss account, Is it true? what entries to be passed while making the provision of excise duty on FG. Please reply.

03 February 2009 answered.



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