Accounting entry

This query is : Resolved

tapas aghera (Querist)
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13 March 2012 Kindly let me know the accounting entry for duty passed on input removed as such.

Sales : 110 (10 is duty passed on)

so how to pass entry in our books for this transactions.

Rajnikant Vadigoppula

Rajnikant Vadigoppula (Expert)
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13 March 2012 if it is excise duty,

Debtor A/c ......Dr 110
To Sales A/c 100
To Excise duty A/c 10

for other duty replace the excise duty a/c with that duty.

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