hai , please explain wherther output tax a/c comes under
duties & taxes or indirect expenses?
- 1 Answers
- 3125 Views
- I also Faced
- E-Mail Answers
Answer Posted / amjad
hello
has the input tax comes under duties and taxes, then the
output tax will also comes under duties and taxes
suppose you purchase some thing by paying 104 which include
4% tax know you sell it and your marging of profit is 10
then 104 + 10, 114 will be your selling price on which you
will charge 4% which comes at 4.56 know when you will fill
return your libility will be 4 - 4.56 i.e. .56 OK
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
What is double-entry accounting? Explain with an example?
what will be the entry for inventory
Into which account do we close the revaluation account balance during the winding up of a company?
i am indrani,iam siting for a/c assistance post of muthoot finance..so my question is what kind of question they may ask related to a/c or finance?or other than subject what question can be asked like why do u want to join this co etc.. ?
How does accounting contribute to the community?
IN VAT INVOICES DISCOUNT ALLOWED OR NOT
paid vendor to RS 15000 and incentives of RS.5000 and deducted Rs.3000 as penalty so finally paid to vendor is Rs.17000. please let me know the journal entry for this.
Tell me deferred taxation is a part of which equity?
List out the stages of double entry system?
What is the treatment of claim settled by insurance company but still receivable in profit and loss account
how go make jaggery sales and purchace bill in tally 7.2,jaggery lumbs comes in different weight not fixxed weight and i want stock in lumbs and bill amount in rupees (exp.lumbs/weight/rate/amount-1000/102.50/2500/256250)
How Many Accounting Principale
Explain dual aspect term in accounting?
Purchase and sales sahres accounting entry which have stt brokerage and other taxes
what is the enty for contract bill raised?
