vat comes in what type of head in golden rules procedure

Question Posted / rajendiranraje@gmail.com

Answers were Sorted based on User's Feedback

vat comes in what type of head in golden rules procedure..

Answer / senthil

nominal a\c

Is This Answer Correct ?

11 Yes

0 No

vat comes in what type of head in golden rules procedure..

Answer / hussain

Vat comes in nominal a/c

Because hear fund go's out

So What come in dr
what go's out is cr

Is This Answer Correct ?

2 Yes

0 No

More Accounting General Interview Questions

What is Journal Entry for Provision for Leave Salary

what is the treatment for employee contribution and employer contribution in in pf in accounts under which head??

what is Cost of Goods Sold give example?

What does the word credit mean in terms of accounting?

what are the types of option contract?

what is bank reconciliation?what is reconciliation of account and what type of accounts maintain in colleges?

WHAT IS THE ENTRY IN 31 MARCH OR 1ST APRIL FOR PROVISSION FOR SALARY

What is mean by Asset area?

a buyer,purchases a for rs100, b for rs80, c for rs60 and mixed in ratio of 3:4:5 and sells @ 50% profit what wil be d price?

I have purchased computer,furniture,laptop, vendors has given me retail invoice he has mentioned his vat,cst no in bill & he charge vat in bill

Companies formed by letters patent?

what is forex management?

For more Accounting General Interview Questions Click Here