Interested to Buy Any Domain ? << Click Here >> for more details...
how to pass year ending entries for VAT treatment?
- 5 Answers
- 11189 Views
- I also Faced
- E-Mail Answers
Answer Posted / giridhar
at the end of financial year your tax computation shows to
pay the tax then the following entry would occur.
Rates & Taxes A/c Dr. XXXX
VAT Payable A/c Cr. XXXX
| Is This Answer Correct ? | 11 Yes | 2 No |
Post New Answer View All Answers
"Trial Balance is not a comclusive proof of the accuracy of the books of accounts." Explain this statement and describe the errors which are not disclosed inspite of the agreement of trial balance.
IF SALES BILL PREPARED BY CHARGING CST 4 WHEN THERE IS CST 4 TO BE CHARGED. BUT NOT 2010-2011 CST IS 2%. NOW WE HAVE TO PREPARED CREDIT NOTE AGAINST THAT BILLS WHICH CHARGED CST4 AT THAT TIME. THEN I HAVE TO ASK THAT HOW TO MAKE CREDIT NOTE NOW I.E 2010-2011 BY CHARGING 4% OR 2% ?
Do you know what is double-entry accounting? Explain with an example?
cash with drawn from bank with issuing self check vide ch no.123456 how to enter in sap. please send answer anyone this is very helpful to me
what is the entry to be made for vat when any purchase is made in that bill vat amount is included ?
Do you know what is balance sheet?
How to post salary advance transfer from one branch to another branch ?
We bought some machines from Singapore (capital goods), payment made in rupees. but the invoice value is mentioned as USD. 1. party ledger shows (debit side) amount in rupees. now i need to make purchase entry. 2. shall i want to convert USD to rupees? 3. if i do like that the party ledger will be differ.. 4. somebody pls tell me the way to make purchase entry.
Role-specific management accountant job interview questions:
By saying, perpetual or periodic inventory system; what do we mean?
what is journal entries for Vehicle loan settled with bank after Sale of the vehicle on profit or loss in case the party paid check direct to Bank .......???
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?
What do you mean by gaap in accounting?
Richman Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 10% stock dividend on June 1 when the market price per share was $12. The shares were issued on June 30. Instructions: Prepare the necessary entries for the declaration and payment of the stock dividend.
What are document required by the bank to make payment for debit memo (Import). if we have allready made payment for orignal bill.
