The question is about the input vat and out put vat. His
intention to know when the input and out vat accounts will
be created. But you both answered an assumed question. The
question or answer should be clear and accurate.
hi friends, my answer here is if we purchases a computer
rs25000 and vat rate is 14.5%. then total amount is
rs28625.and now we are going to sell the same computer
rs30000 and output vat is 4350.so the difference between
input vat and output vat is rs34350-rs28625.the very
difference is rs 5725.that amount should have to pay to the
Is This Answer Correct ?
M Shasha Vali
Other Accounting AllOther Interview Questions
Dear Sir, In A Purchase Function Hw can we justify The rate
given by the supplier, dealerrs & mfgs are actual rate. is
there any parameter.hw can we find the actual rate of