Excise duty paid
This query is : Resolved
12 April 2014
Dear sir,
If Excise Duty paid will appear in Profit and loss a/c
If Excise Duty paid will appear in Profit and loss a/c
15 April 2014
yes, excise duty paid is expense and to be shown in P&L
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.
Gross Sales #####
Less Excise Duty #####
Net Sales #####
And net sales will be disclosed in P&l.
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