What should be an accounting entry for FREE SAMPLE SALE of EXCISABLE goods (Under Rule-4 of Valuation rule 2000), for which no consideration will be recieve in future, but need to pay excise duty?
ED accounting
Page no : 2
Nikhil Mehta
(NA)
(244 Points)
Replied 08 April 2015
What should be an accounting entry for free sample sale of excisable goods ( Under rule 4 valuation rule 2000), for which no consideration will be recieve, but need to pay excise duty?
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