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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 / gouthami
1.vat on sales under sales a/c
2.vat on purchases under purchases a/c
3.excise on sales under sales a/c
4. excise on purchase under purchase a/c
5. service tax input under purchase a/c
6. service tax output under sales a/c
| Is This Answer Correct ? | 3 Yes | 17 No |
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