Treatment of excise duty on op & closing stock.
This query is : Resolved
anoop bhatia
(Querist)
24 May 2012
Sir,
Can anyone explain me the treatement of excise duty in opening and closing stock with excise duty expenses?
I want to further know whether excise duty on closing stock will be treated as exp in P & L or Liability in B/s.
Can anyone explain me the treatement of excise duty in opening and closing stock with excise duty expenses?
I want to further know whether excise duty on closing stock will be treated as exp in P & L or Liability in B/s.
Siju Joseph
(Expert)
24 May 2012
Is your co. is registered with Excise?
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