Excise duty entry

A/c entries 2726 views 2 replies

13 Points Joined March 2007

What is the entry for excise duty for sales and purchases and cenvat credit adjustment entry. Can anybody tell me this in detail

Replies (2)

13 Points Joined March 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

Accountant

120 Points Joined May 2007

party Ac DR sales ac cr excise ac cr cess ac cr

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