In a trader's books of accounts, how should I account for excise duty on goods purchased? I need full entry.
P.S. trader is not passing over his CENVAT
Menu
Accounting entry
Replies (1)
If CENVAT Credit is not utilised then show it as cost...
Purchases A/c (including Excise) Dr .........
To Bank/Creditor A/c .............
Recent Topics :
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
Related Topics :
CAclubindia
