Excise payment journal entry

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 December 2016 Dear sir/Madam

Excise adjust entry
Out put excise dr
Input excise cr
exciseduty payable cr

But we need to show excise paid amount In P & L account , but we show that excise payable as per entry.
Please solve my problem.
Thanking you

S.VENAKTESWARA RAO

CA Suresh Jain

CA Suresh Jain (Expert)
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11 December 2016 Can you forward following entries with narration for Sales, Purchase, adjustment of input credit , payment of excise duty on mail id group.blr@gmail.com