Interested to Buy Any Domain ? << Click Here >> for more details...
Can i clarify, whether VAT & Service Tax are Proffit & Loss
A/c items (or) Balance Sheet Items.
- 8 Answers
- 21965 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / chaitanya
If it is a VAT payable and Service Payable we have to show the both on liabilities and it comes under the head CURRENT LIABILITIES.
| Is This Answer Correct ? | 5 Yes | 3 No |
Answer / nishant goel
Pls send me question paper with ans book on my e-mail id
below
nishantgoel79@yahoo.com
thanks for your great help
Nishant Goel
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / moulali
Pls send me question paper with ans book on my e-mail id
below
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sangeetha g
VAT & Service tax item should be clasified under profit &
loss account.
| Is This Answer Correct ? | 1 Yes | 5 No |
Answer / pawan kumar
see if it has inncurred within an a/c year then it must be
p/l item & if it is c/f to next year it should be go to b/s
| Is This Answer Correct ? | 3 Yes | 8 No |
Answer / satyaki_raju@yahoo.com
Babai what do you mean by Final accounts, Pavan Kumar you
are also not correct
Chaitanya you are also not correct.Why you people are not
concentrate on the subject.
They are both Profit and loss as well as Balance sheet
items why because regular payment will be placed in profit
and loss account and the year ending obligation in the
shape of provision or yearending payables will also be
placed under Balance sheet.
If interested I will send valued question papers with
answer books based on accounts and finance to your end if
you send your e-mail
| Is This Answer Correct ? | 0 Yes | 7 No |
Can you explain about the distinction of Book-Keeping and Accounting
What are Corporate Action?
What is mean by Corporate accounts?
5 Answers Cooperative Bank of Oromia,
Mening of Earning per share?
I work in a semi govt society. We purchased a flag for celebrating independence day in office premises . Plz tell me under what head / ledger of exp it comes
What is the TDS ? what is fORM C & FORM 16A?
When is a dedit note raised When is an expense booked
The partners agreed to take hero honda vehicle of Rams as firms vehicle by giving credit to his capital account. The vehicle was valued for Rs 65000/-Pass necessary entry
what is span of shares
Expand--------STSC
What is a General Ledger Balance? How can it be arrieved at?
1. what is debenture? 2.Why company will issue shares? 3. What is audit? 4. What is the role of finance department? 5. What is mutual fund?
Audit 
