In which book of prime entry would the vat output Vat on credit sale be recorded?
- 2 Answers
- 5792 Views
- Digitals India security, Genpact, Marketing Sales, SSIL, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / laxman sharma
In journal's entry ,
Cash a /c. Debit
Sales a/c credit
Output vat a/c credit
| Is This Answer Correct ? | 11 Yes | 2 No |
Answer / laxman sharma
In Journal entry
Cash A/c Debit
Sale A/c Credit
Out put vat Credit
| Is This Answer Correct ? | 7 Yes | 1 No |
why we multiply no. of purchasing year with average profit
what is real account and its advantages
Plz Ask from me New Accounting Questions.
What does the investment of personal assets by the owner will do?
Explain me your track record in previous jobs, specifically speaking to any mistakes you may have made. There is little room for error in accounting?
The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2
Labour charge 100000 deduction tds 5%
HOW GET DUTY AND DRAWBACK ? ON WHICH TYPES ITEMS WE GET DUTY DRAW BACK?
whois invitied a accounts
what is the meaning of networking capital
What is the diffrent job&project accounting?
What is working capital...?
5 Answers Ambuja, Capital IQ, FIS,
Audit 
