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
- 21974 Views
- I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
What is Inventory Control?
KINDLY PROVIDE ME RBI OFFICER SCALE B QUESTION PAPER (PREVIOUS)
While we are bringing our machinery items to factory through a vehicle from other state to Andhra pradesh, is this correct to send our own state way bill along with the other state way bill.
why do you want to work here?
differnce between the 4.7 & 6.0 versions?
how to calculate stt
What is discounting accounting and why depriciation of assets are mention in dicounting accounting?
What is the value of inventory as per Financial Accounts (AS2) and as per Cost accounts? Someone told me that as per cost accounts only works costs is considered in CARR while for FA, AS2 is followed with cost or NRV whichever is lowewr? Please explain the difference.
Whatis new GL & Odd G.L What is the difference between these two.
what is Derivative Documentation,Derivative Settlements,Derivative confirmation?
give the examples of Error of Duplication?and Error of compensatin? with entries
Raj & Raj Ltd purchased a machinery on 01.01.1996 for Rs.88,000.The life of the machine estimated to be 5 Yrs.It was calculated that the old machinery would fetch Rs.8000 at the end of its useful life.it was decided to replace the machinery at the end of the 5th year by setting up depreciation fund and invest the annual depreciation (along with interest earned each year) in gilt edged securities carrying interest at 5% p.a. At the end of the 5th Year the securities were sold for Rs.9000.As per the sinking fund table Rs.14,478 is to be invested every year.A new machine was purchased on 01.01.2001 for Rs.1,00,000.pass the journal entries and show the ledger accounts
Do you need an income statement if you do part time contract work at home?
We are running an educational institution in Karnataka,India. Is there any ceiling stating that if gross salary is upto this then only incentive or bonus can be paid?
Is WCT paid to be considered as overhead during costing in construction firm?
