Hello sir ..
My question is that .
In excise if mai self consumption krta hu. Thi muje kiya excise levied kr na hoga..
Example i m manufacturing laminate and some of laminate use for my office .
For first quarter of financial 17-18
If yes then journal entry kiya hogi..
If no tho journal entry kiya hogi..
My view for both case in form journal entty is.
Cogs account dr (inclusive of excise if exicse levied)
To stock transfer
(Being goods use for personal consumption )
If this is used in office furniture then
Fixed asset account dr
To cogs
Please correct me.. If i m wrong