Excise duty entry
Srinu (13 Points)
10 May 2007
What is the entry for excise duty for sales and purchases and cenvat credit adjustment entry. Can anybody tell me this in detail
2 Replies
Venkat
(13 Points)
Replied 10 May 2007
for sales
party a/c dr
to sales a/c
to excise a/c
to cess a/c
for purchase
Purchse a/c dr
cenvat credit a/c dr
cess credit a/c dr
to partya/c
party a/c dr
to sales a/c
to excise a/c
to cess a/c
for purchase
Purchse a/c dr
cenvat credit a/c dr
cess credit a/c dr
to partya/c
karpagavinayagam
(Accountant)
(120 Points)
Replied 28 November 2007
party Ac DR
sales ac cr
excise ac cr
cess ac cr
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