In accounting, vat abbreviates what?


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You own 50 shares of reliance indu. On 30th Jan 2013 Reliance indu.delcared a dividend fo rs 4 per share. The proceeds were credited to your bank account on 25th March 2013. Payment fo dividend was subject to a withholding tax 2%. Please pass the necessary journal entries in your books of accounts for the period Jan and March 2013.

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If I purchase and sale of goods at same price then effect in trading, P & L A/c

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Please tell me what is the journal entry of closing balance ?

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