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Excise 7.5 % predeposit for appeal

PRATIKSHA PRABHU

Just i want to know Excise 7.5 % duty paid from us for appeal so where i can show in accounts

means under which head

Accounting for 7.5% Excise Duty Pre-Deposit: Record Under 'Pre-Deposit Account' as Current Asset An individual inquired about how to account for a 7.5% excise duty pre-deposit made for an appeal. The response provided suggested that this pre-deposit should be recorded under the 'pre-deposit account,' which falls under the category of current assets in accounting. (AI Summary)
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