if firm sales tax paid , under which ledger and subledger
it would be posted? give brief information

Answers were Sorted based on User's Feedback



if firm sales tax paid , under which ledger and subledger it would be posted? give brief informati..

Answer / manu s shetty

cash a/c dr
To sales a/c
to Vat a/c

Is This Answer Correct ?    3 Yes 2 No

if firm sales tax paid , under which ledger and subledger it would be posted? give brief informati..

Answer / m sambasiva rao

When Sales Tax Paid the follwoing entry to be made by
Accountant
Sales Tax Payable A/c Dr
(under group of other liabilities)
To Bank A/c
(Cash & Bank Balaces)

Is This Answer Correct ?    1 Yes 0 No

if firm sales tax paid , under which ledger and subledger it would be posted? give brief informati..

Answer / sandeep

credit the actual sales value,
credit the sales tax portion,

debit the venodr with total value,

@ the time of deposit sales tax debit the sales tax a/c.

thanks

Is This Answer Correct ?    0 Yes 0 No

if firm sales tax paid , under which ledger and subledger it would be posted? give brief informati..

Answer / sasi

How can I calculate TDS AND FBT tax for a Travel Company?

Is This Answer Correct ?    1 Yes 5 No

Post New Answer

More Taxation Interview Questions

which is the first liability for pay Service Tax to GOvt

0 Answers  


who is person issued form "H" in case of sale against form "H" (export sale)?

1 Answers  


What is supporting documents enclosed & must be required to Submit of quarterly & Yearly Sale Tax Return (Haryana)

0 Answers  


How the FBT is calculated ? what is FBT ?

2 Answers  


Anybody tell me What is Credit Availed, Credit Utilized & Credit Balance In service tax.

1 Answers  






What are the relevent Scetions of Income Tax Act India, under which amount for TDS diductin ( on Services Invoices ) is calculated ? and which are important Cases of HC/SC regarding TDS on Service Tax Portion?

1 Answers  


Timings / Months when the advance tax shud be paid For Domestic companies?

2 Answers  


Can we deduct tds on travel agents,if yes then what is the rate & section? ... For the current TDS rates in India, and more information about TDS deduction

5 Answers   Veer-O-Metals,


what is TDS

2 Answers  


What is cenvat credit?

0 Answers  


i want to know that how much input credit we can take of service tax if our input service tax is greater than of out service tax what we should do?,,,,,,,,,,plz reply as soon as possible

0 Answers  


if we have amc any vendor 30,000 pa. should we deduct TDS

13 Answers   TCS,


Categories