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Excise duty paid

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(Querist)
12 April 2014 Dear sir,

If Excise Duty paid will appear in Profit and loss a/c
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Vishnu Saboo

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Vishnu Saboo (Expert)
15 April 2014 yes, excise duty paid is expense and to be shown in P&L
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CA Umesh kumar Mantri

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CA Umesh kumar Mantri (Expert)
15 April 2014 Excise duty paid is not separately disclosed its reduced from Sales.


Gross Sales #####
Less Excise Duty #####
Net Sales #####
And net sales will be disclosed in P&l.




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