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ED accounting

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Nikhil Mehta (NA) (244 Points)
Replied 08 April 2015

What should be an accounting entry for FREE SAMPLE SALE of EXCISABLE goods (Under Rule-4 of Valuation rule 2000), for which no consideration will be recieve in future, but need to pay excise duty?


Nikhil Mehta (NA) (244 Points)
Replied 08 April 2015

What should be an accounting entry for free sample sale of excisable goods ( Under rule 4 valuation rule 2000), for which no consideration will be recieve, but need to pay excise duty?



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