Excise Duty Inclusion in Closing Stock: Liabilities Cannot Be Misrepresented as Assets in Financial Statements.

Excise Duty Inclusion in Closing Stock: Liabilities Cannot Be Misrepresented as Assets in Financial Statements. https://www.taxtmi.com/highlights?id=17835 Confirmation of notional addition – Excise duty added in the value of the closing stock of finished goods – a liability cannot be converted into an asset - AT en-us Mon, 24 Mar 2014 15:35:58 +0530 Mon, 24 Mar 2014 15:35:58 +0530 TaxTMI RSS Generator Excise Duty Inclusion in Closing Stock: Liabilities Cannot Be Misrepresented as Assets in Financial Statements. https://www.taxtmi.com/highlights?id=17835 Confirmation of notional addition – Excise duty added in the value of the closing stock of finished goods – a liability cannot be converted into an asset - AT Highlights Income Tax Mon, 24 Mar 2014 15:35:58 +0530 https://www.taxtmi.com/highlights?id=17835