I AM A/C'S MANAGER IN CONSTRUCTION CO.WE TAKE TRANSIT
MIXTURE ON RENT BASE FROM OUTSIDER.THE SUPPLIER CHARGE VAT
ON THAT MACHINERY @ 15%,IS IT TRUE? IF YES PL.SAY ME WHICH
SECTION APPLY UNDER THIS LAW OR NOTIFICATION OR CIRCULER
FROM COMMERCIAL TAX DEPATMENT.
WE have paid two month Advance salary on dated 03 June 2010.
What will be journal entry inthe month of june for advance
payment. And what will be journal entry in the month of
july and August for salary adjustment.