ALLInterview.com :: Home Page            
 Advertise your Business Here     
Browse  |   Placement Papers  |   Company  |   Code Snippets  |   Certifications  |   Visa Questions
Post Question  |   Post Answer  |   My Panel  |   Search  |   Articles  |   Topics  |   ERRORS new
   Refer this Site  Refer This Site to Your Friends  Site Map  Bookmark this Site  Set it as your HomePage  Contact Us     Login  |  Sign Up                      
Google
   
 
Categories >> Accounting >> Accounting General
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1900)
 Accounting General interview questions  Accounting General Interview Questions (2813)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4364)
Question
Explain .
1.  Retail Invoice.
2.  Tax Invoice.
3.  Commercial Invoice.
4.  E1 Invoice.
 Question Submitted By :: Accounting-General
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
Commercial Invoice :- -Document required by customs to
determine true value of the imported goods, for assessment
of duties and taxes. A commercial invoice (in addition to
other information), must identify the buyer and seller, and
clearly indicate the (1) date and terms of sale, (2)
quantity, weight and/or volume of the shipment, (3) type of
packaging, (4) complete description of goods, (5) unit value
and total value, and (6) insurance, shipping and other
charges (as applicable)

E1 Invoice:
E-1 sales.
In this 3 states/ parties are involved during the
transportation of goods. And as per the state tax laws, upon
entering each state, a central tax of 2% for each is state
is payable. However if the goods are redirected or endorsed
to a different party then to avoid multiple taxation, this
sale in transit is applied.
 
Is This Answer Correct ?    21 Yes 1 No
Dipankar Roy
 
Answer
# 2
retail invoice:-

means the invoice which is issued for a retailr, is
called retail invoive

tax invoice

means the invoice which is issued for a custmor is
called tax invoice

and waiting for answer for rest.
 
Is This Answer Correct ?    24 Yes 12 No
Gautam Kumar
 
 
 
Answer
# 3
Retail invoice is the invoice which is used when the goods
are purchased in retail form from the stores which includes
discription, quantity, rate, discount every thing will be
mentioned including of tax.

Tax invoice is the invoice in which all the tax detailes are
mentioned clearly.

commercial invoice is the general invoice which is prepared
by all the companies.

E-1 invoice is the invoice which is used by the parties from
different states used during transportation to avoid
multiple taxation.
 
Is This Answer Correct ?    11 Yes 3 No
Ravindra
 
Answer
# 4
RETIAL INVOICE IS ISSUED BY RELAIER TO HIS CUSTOMER.

TAX INVCICE IN WHICH ALL THE TAXES (EXCISE DUTY, C.S.T. ,
VAT &SO ON) ARE THERE

COMMERCIAL INVOICE IN WHICE EXCISE DUTY IS NOT IMPLEID ONLY
C.S.T & VAT IS IMPLED.

E 1 INVICE IS ISSUED BY THE PARTY TO AVOID MULTIPLE TAXES
IN TRANSPORTATION LIKE ENTRY TAX.
 
Is This Answer Correct ?    6 Yes 3 No
Prachi Panadiwal
 
Answer
# 5
E-1 INVOICE 
Is This Answer Correct ?    5 Yes 3 No
P.kumaresh
 

 
 
 
Other Accounting General Interview Questions
 
  Question Asked @ Answers
 
what is share spilitting   3
Suppose salary of march paid in april then what are the entries to be made in Tally in march and april and salary payable ledger to be created under which group? and salaries to staff ledger to be created under which group? What will be the journal voucher entry and payment voucher entry? TCL 1
What is mero in sap fico.   1
what is the difference between earnings and profits   4
how can we make a TDS entry in tally 9? Rent EXp : 10000 TDS on rent : 10% Party name : Mr, X Bank : SBI   9
What are FCCB and IDR? JPMorgan-Chase 1
how to pass provision salary full and settlement(inclusive Bonus,Gratutity etc )please show me entry   1
what is the princple of debit & credit?   2
What is amortization..? Any examples pls..?   3
which chart of accounts is used for day to day postings?   2
what is difference between rebate and discount? generally in bill of exchange accounting   1
what is the difference between cash flow statement and fund flow statement.. Deloitte 4
 
For more Accounting General Interview Questions Click Here 
 
 
 
 
 


   
Copyright Policy  |  Terms of Service  |  Articles  |  Site Map  |  RSS Site Map  |  Contact Us
   
Copyright 2013  ALLInterview.com.  All Rights Reserved.

ALLInterview.com   ::  KalAajKal.com