Interested to Buy Any Domain ? << Click Here >> for more details...
Pass a entry for purchase a material for Rs. 2000 inclusive
of VAT @ 4% on Rs. 1500 & @12.5% on Rs. 500 with narration
- 10 Answers
- 11664 Views
- I also Faced
- E-Mail Answers
Answer Posted / avijitsingh
( if Cash Purchase)
Net Purchase 4% dr 1442.40
VAT 4% dr 57.60
Net Purchase 12.5% dr 444.45
Vat 12.5% dr 55.55
to Cash/bank A/c. 2000
(Being cash purchases)
( if credit purchase)
Net Purchase 4% dr 1442.40
VAT 4% dr 57.60
Net Purchase 12.5% dr 444.45
Vat 12.5% dr 55.55
to Party A/c. 2000
( Being ... purchase of material on credit)
Party A/c. dr 2000
to Cash/Bank A/c 2000
(Being paid ch. / cash )
| Is This Answer Correct ? | 6 Yes | 1 No |
Post New Answer View All Answers
If any body have knowledge for vacate position for the post of Accountant kindly mail me verma_moti@yahoo.co.in (handling Accounting upto finalisation,Sales tax/vat,TDS,Service Tax,Excise tax and MIS.
Can it be prssible, If any person purchase Reliance life insurance policy with nepal residence address profe. If yes then who can deposit nepal curancy in indian branch.
WHAT IS CORPORATE TAX ?
WHAT IS THE PROVISION FOR NET PROFIT & LOSS IN PVT LTD CO & LTD CO GIVE ME THE EXAMPLE WITH ENTERY ON MY EMAIL sonidilip87@yahoo.com
do we have tds in nigeria
Why TDS is not deducted on JSTF Contribution of Hinjewadi Industries Association?
What are Excise Duty rates for Fin.Year 2009-10 for Pesticides and Chemicals Industries.
can penalty be imposed under sec 96 of vat act west bengalfor goods destroyed or damaged
Suppose there is a computer Inst. providing a course abc and the total fees for it is Rs.10000 per annum, now this institute gives the right to another institute to provide facility of that course on behalf of it and the fees amt. is bifercated to Regd. fees Rs. 2500, Exam fees Rs.500 and tution fees Rs.7000,now the former institute gives right to later ins. to take Rs.7000 and says that the amt. of regd. fees and Exam fees i.e Rs. 3000 must be given to it plus service tax, now we have to save the former ins. from paying service tax on Amt. 3000, how can we do this?
if threshhold limit is crossed then tds is deducted on which amount ? Aggregate or exceeding threshold limit?
What is form c & d in sales tax?
when form h, form d, form 38, form h issu , what is the process of get it , who is the liable to get it , any % tax apply against issu this form, please give me answer on my e.mail sonidilip87@yahoo.com
I want to know how to calculate VAT / WCT Liability under composition scheme and regular scheme at Karnataka
Sir please confirm job work sale for clothes shat d1 yes & no
if salary paid per month Rs 80000/ I will deduct TDS from his salary, please what I do explain.(send Urgently)
