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i have paid the vat amount for the financail year 2009-2010
in the financail year 2011-2012.how to pass journal
entries

Answers were Sorted based on User's Feedback



i have paid the vat amount for the financail year 2009-2010 in the financail year 2011-2012.how to..

Answer / govind

Vat Payable A/c (2009-10) Debit

Interest a/c Debit

Penalty A/c Debit

To Bank or Cash A/c

(Vat paid for the f.y.2009-10 & charges Interest by sales tax Dept.on vat payable amount...... & with paid penalty)

Is This Answer Correct ?    3 Yes 0 No

i have paid the vat amount for the financail year 2009-2010 in the financail year 2011-2012.how to..

Answer / madhukar nimbalkar

vat payable (2009-10) a/c. Dr
To bank a/c. Cr.

narration:- tws vat payment made for finalcial year 2009-10
by internet.

Is This Answer Correct ?    1 Yes 0 No

i have paid the vat amount for the financail year 2009-2010 in the financail year 2011-2012.how to..

Answer / shivam

if a prop.Firm or Partnership amount is less in account of
capital account and in the case of company amount is less
in reserve and surplus account.

Is This Answer Correct ?    1 Yes 1 No

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