What is the Rate of VAT applicable on Electronic & Electrical
goods?
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Answer / nagachandra pattar
In the A.Y.2009-10 it is 12.5%
In the A.Y.2010-11 it is 13.5%
Is This Answer Correct ? | 17 Yes | 9 No |
are loose tools come under current assets ?
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3 Answers Chartered Accountant,
we are going to purchase a new office/gala . we are using tally software. in above transction we have to pay stamp duty,ragistration fees etc. my question is uder which heads i enterd above exp in tally.
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Expenditure incurred for the innovation of Guest house building is revenue nature or capital nature ??
My company was granted a bank facility of 750,000 for guarantee, performance bond, advance payment, retention guarantee and 100,000 bank overdraft. These facility amount was never added to the company account. a. What is the entry? b. Lien over fixed deposit for 50,000 to be brought upfront c. Lien over gradual buildup for fixed deposit 50,000 by transferring 10,000 monthly from customer's account to separate call account. d. After a month, we had an overdraft of 22,000. What will be my entry? e. After 3 months, we have a construction project and was asked for advance payment of 24,000 with a 25% margin? f. Another company asked for performance bond of 44,200 with 25% margin.
I would like to know about advance payments to creditor & advance received from debtors in Tally ERP 9. For example, what are the ledgers should I create & what are the steps ? And please inform me what vouchers should I use for advances, for example ( payments, receipts and journal). Thank you.
Bank Reconciliation