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Please tell me under which heads following ledgers should
open or create.
1. Vat on Sales
2. Vat on Purchases
3. Excise on Sales
4. Excise on Purchases
5. Service Tax Input
6. Service Tax Output
It’s urgent for me.
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Answer Posted / viswanatha
1. vat on sale
Ans. output vat under heads duties and taxes
(current liabilities)
2.vat on purchases
Ans.input vat under heads duties and taxes (current liabilities)
3.excise on sales
Ans. outputexcise under heads duties and taxes(current liabilities)
4.excise on purchase
Ans.inputexcise under heads duties and taxes (current liabilities)
5.service tax input
Ans.inputservice tax under heads duties and taxes (current liabilities)
6.service tax output
Ans.outputservice tax under heads duties and taxes(current liabilities)
All account packages Leger creates are same types
| Is This Answer Correct ? | 19 Yes | 18 No |
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