1 question plz it is a bit urgent.
When we are posting a transaction with service tax(say
12.5%)ok,
Now say the total amount is rs.100,000 now my question is
Here we have given 12.5% tax.Do we have to calculate
Seperatelly the tax amount(100,000*12.5%) or it will
Calculate on it's own.
If so what is the procedure to make it calculate it
Automatically.
Plz reply soon
Answer Posted / balaram
system calculated it automatically and post the accounting entry like serive tax Dr
To Service tax Payable Cr Here Service tax is a automatic posting entry like vat payble.
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
explain 2 business scenarios which do you feel have considerable significance and what kind of solutions did you offer while working on the projects?
What are the critical scenarios in production support? Tell me some examples?
What is individual processing of gl accounts? : fi- general ledger accounting
What are the 3 errors that you must have faced during Support?
What is depreciation key? : fi- asset accounting
What do you mean by balances in local currency only? : fi- general ledger master data
What are the necessities of a dialog program must complete?
What is a financial statement version?
I have a customer and I have a special agreement with him that he always come to my premise and takes delivery and making by cash. In this case instead of debiting customer you have to debit the cash account. Is this possible ? If so how and why and If not how and why ?
Explain assessment in secondary cost planning? : co- cost center accounting
will please anybody forward the project report on sap fico? my mail id : sriramy@gmail.com
tell me about MTS process?
Interested in offering your software to sap customers so they can enhance functionality of their sap servers running linux?
Is there any program/report which gives payment usage/document set off details against a particular document ?
How do you open a new fiscal year in the system?