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Excise duty entry
What is the entry for excise duty for sales and purchases and cenvat credit adjustment entry. Can anybody tell me this in detail
Replies (2)
for sales
party a/c dr
to sales a/c
to excise a/c
to cess a/c
for purchase
Purchse a/c dr
cenvat credit a/c dr
cess credit a/c dr
to partya/c
party a/c dr
to sales a/c
to excise a/c
to cess a/c
for purchase
Purchse a/c dr
cenvat credit a/c dr
cess credit a/c dr
to partya/c
party Ac DR
sales ac cr
excise ac cr
cess ac cr
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