Understanding Excise Accounting Entries
This query is : Resolved
02 October 2009
In the context of a Manufacturing Company.....
what are the accounting entries to be passed at various stages i,e passing excise provision, availing input credit etc.... also What does the role of PLA in between various entries ?
a) Sale made involving Excise
b) Purchases made invloving Excise
c) Imports made, used as input item in the
manufacture and payment of Custom duty
against Import
d) Capital Item purchased involving
Excise/custom
e) Sales/Export Return against any sale
transaction
what are the accounting entries to be passed at various stages i,e passing excise provision, availing input credit etc.... also What does the role of PLA in between various entries ?
a) Sale made involving Excise
b) Purchases made invloving Excise
c) Imports made, used as input item in the
manufacture and payment of Custom duty
against Import
d) Capital Item purchased involving
Excise/custom
e) Sales/Export Return against any sale
transaction
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