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 :
- Itr 4 problem
- Capital Gains Mismatch Due to Sale Agreement in FY
- REGARDING NRO INVESTMENT IN SHARES OF DOMESTIC COM
- DTAA benefits
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
- Query regarding exemption under Section 10(10AA) &
Related Topics :
CAclubindia
