ALLInterview.com :: Home Page KalAajKal.com
 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                      
info       Did you received any Funny E-Mails from your Friends and like to share with rest of our friends? Yeah!! you can post that stuff   HERE
Google
 
Categories  >>  Accounting  >>  Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions
 Taxation interview questions  Taxation Interview Questions
 Accounting General interview questions  Accounting General Interview Questions
 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question 
Can i clarify, whether VAT & Service Tax are Proffit & Loss 
A/c items (or) Balance Sheet Items.
 Question Submitted By :: Nageswara Rao
I also faced this Question!!     Rank Answer Posted By  
 
  Re: Can i clarify, whether VAT & Service Tax are Proffit & Loss A/c items (or) Balance Sheet Items.
Answer
# 1		 
BOTH ARE RELATED TO FINAL ACCOUNT...
 
Is This Answer Correct ?    0 Yes 6 No
Babai
 
  Re: Can i clarify, whether VAT & Service Tax are Proffit & Loss A/c items (or) Balance Sheet Items.
Answer
# 2		 
see if it has inncurred within an a/c year then it must be 
p/l item & if it is c/f to next year it should be go to b/s
 
Is This Answer Correct ?    0 Yes 0 No
Pawan Kumar
 
 
 
  Re: Can i clarify, whether VAT & Service Tax are Proffit & Loss A/c items (or) Balance Sheet Items.
Answer
# 3		 
If it is a VAT payable and Service Payable we have to show the both on liabilities and it comes under the head CURRENT LIABILITIES.
 
Is This Answer Correct ?    0 Yes 0 No
Chaitanya
 
  Re: Can i clarify, whether VAT & Service Tax are Proffit & Loss A/c items (or) Balance Sheet Items.
Answer
# 4		 
Babai what do you mean by Final accounts, Pavan Kumar you 
are also not correct
Chaitanya you are also not correct.Why you people are not 
concentrate on the subject.
They are both Profit and loss as well as Balance sheet 
items why because regular payment will be placed in profit 
and loss account and the year ending obligation in the 
shape of provision or yearending payables will also be 
placed under Balance sheet.
If interested I will send valued question papers with 
answer books based on accounts and finance to your end if 
you send your e-mail
 
Is This Answer Correct ?    0 Yes 1 No
Satyaki_raju@yahoo.com
[Taxtime]
 
  Re: Can i clarify, whether VAT & Service Tax are Proffit & Loss A/c items (or) Balance Sheet Items.
Answer
# 5		 
both are balance sheet item
 
Is This Answer Correct ?    0 Yes 1 No
Mahendra
 
  Re: Can i clarify, whether VAT & Service Tax are Proffit & Loss A/c items (or) Balance Sheet Items.
Answer
# 6		 
Pls send me question paper with ans book on my e-mail id 
below
nishantgoel79@yahoo.com

thanks for your great help
Nishant Goel
 
Is This Answer Correct ?    1 Yes 0 No
Nishant Goel
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
What is the Difference between hire purchase and a finance Lease?  1
Rent paid rs 2000 in Jan and feb 2009. What will the entry in Feb 1st 2009. Genpact17
EXPAND_________SFIO  2
While processimg for vendor outgoing payments in f-53 i am getting error massage i.e.exchange rate difference incomplete in vendor g/l account and allowing me to clear the payment,how can i rectify this one,plz guide me?  1
What is debit and what is credit ?  3
What is the difference between Manufacturing Account and Trading Account? TATA1
Expand ------DGCA  1
What is stock transfer? for ex: if i purchase a product in chennai and i tranfer it to our branch which is in bangalore. shall the blr office can bill the product to their customer in blr.(purchse frm chennai and bill in blr office is possible? ICAI2
what are the fundamentals of book keeping  3
PL TELL ME PHONE OR MOBAIL IS OUR ASSETS IF YES CAN I TAKE AS ASSETS IN MY BALANCESHEET & PL TELL ME DEPRECIATION JOURNAL ENTRY  2
WHAT IS PERSONAL ACCOUNT  12
Long-term lease is which activity? (Operatinf/investing/finance activity) & same like short- team lease also? UBS2
What is Sensex? What is Nifty ? Difference between these two TCS68
Expand ________GAAP  1
what about the company background? Capital-IQ3
Expand ------FRL  1
What is the full form of Dr. and Cr. ? Syntel16
While closing the accounts at the year end Closing stock is shown on ---------------and-----------  2
equity RRDonnelley2
How many methods are there in capital budgeting? what are those. Capital-IQ4
 
For more Accounting AllOther Interview Questions Click Here 
 
 
 
 
 
   
Copyright Policy  |  Terms of Service  |  Help  |  Site Map 1  |  Articles  |  Site Map  |   Site Map  |  Contact Us |   interview questions urls   External Links 
   
Copyright © 2007  ALLInterview.com.  All Rights Reserved.

ALLInterview.com   ::  Forum9.com   ::  KalAajKal.com