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what is excise duty and what should be the entry of
purchase and sale in account books of excise

Answers were Sorted based on User's Feedback



what is excise duty and what should be the entry of purchase and sale in account books of excise..

Answer / kapilsingh

excise duty chargeabe on the all manufacturing products
purchase a/c dr
excise duty a/c dr
to cash


for sales entry
cash a/c dr
to sales
to excise

Is This Answer Correct ?    0 Yes 0 No

what is excise duty and what should be the entry of purchase and sale in account books of excise..

Answer / soumya ranjan barik

purchase /C DR
EXCISE DUTY A/C DR
TO CASH
IN CASE OF SALE
CASH A/C DR
TO SALES A/C
TO EXCISE DUTY A/C

Is This Answer Correct ?    0 Yes 0 No

what is excise duty and what should be the entry of purchase and sale in account books of excise..

Answer / kapilsingh

excise duty chargeabe on the all manufacturing products
purchase a/c dr
excise duty a/c dr
to cash


for sales entry
cash a/c dr
to sales
to excise

Is This Answer Correct ?    0 Yes 1 No

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