Answer Posted / syed iliyas
The service tax is an one of the indirect tax which was
paid by public to the govt through the services recieved by
them on specified services. Bills paid for transportation
or air travels, bill paid to service engineer, telephone
services etc are come under authorities to collect service
tax from the payer.
| Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
What are the elements of the accounting equation?
can i material bill book in miro without vat on transport charges ?
Fundamental accounting assumptions are (a) Materiality. (b) Business entity. (c) Going concern. (d) Dual aspect
The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2
what do you maen by Expected rate of return ? Is there any formula for expected rate of return? what is systematic & unsystematic risk ? how to calculate both the risk?
What is an Automatic Payment Program ?
Did you use accounting applications at your previous companies or prefer working manually??
Describe yourself briefly why you are outstanding for this post "Finance Coordinator"?
What is the definition of accounting?
Tell me how much statistics knowledge is necessary or required in accounting?
What are bills receivable?
in what circumstances it is mandatory to calculate the goodwill.
what is the entry of credit card received excess amount entry in tally and their under group names
my company taken a hdfc car loan rs.355493/= but bank received only 347345/= .after received the amount company purchase the car. after that regular emi paid to hdfc bank.
IS THERE ANY DIFFERENCE BETWEEN PAID UP CAPITAL AND PAID IN CAPITAL?