Excise duty accounting entry
This query is : Resolved
Nivedidha Anand
(Querist)
02 January 2013
excise duty 125.00
To cenvat 100.00
To PLA 25.00
PLA 25.00
Interest 5.00
To Bank 30.00
Kindly sent me what means it ?
To cenvat 100.00
To PLA 25.00
PLA 25.00
Interest 5.00
To Bank 30.00
Kindly sent me what means it ?
02 January 2013
First entry
In the total liability of excise cenvat credit availed for Rs.100 and remainig was paid through bank.
2 nd
Total payment from bank was Rs.30 which includes the interest on the late payment etc.,. Rs.25 was debited to the PLA account
In the total liability of excise cenvat credit availed for Rs.100 and remainig was paid through bank.
2 nd
Total payment from bank was Rs.30 which includes the interest on the late payment etc.,. Rs.25 was debited to the PLA account
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