On purchasing the machinery with exice.
My is that we'll create 2 leadger exice deffered please tell me about its head in tally
This question was asked in Journal Entries for Different Expense and Income Bills for Factories registered in Excise
Answers!
Hi Sayyad
Input Cenvat Deferred is under Current Assets
Some people also put it under Duties and taxes (Current Liability) where it shows as Debit Balance
Both practices are correct
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Answer the question...
Hi Sayyad
Input Cenvat Deferred is under Current Assets
Some people also put it under Duties and taxes (Current Liability) where it shows as Debit Balance
Both practices are correct
Comment