Invoice for Rs 492650/- is inclusive of 14.5% VAT. Pl
calculate Basic Rate for the material.
Answer Posted / h.r. sreepada bhagi
Assuming that the Invoice value of Rs.492650/- includes the
Basic Price & VAT - Basic value of the material is
Rs.430262/- & VAT @14.5% is Rs.62388/-.
Formula is - 492650 / 114.5 x 100 = 430262/-
492650 - 430262 or 492650 / 114.5 x 14.5 = 62388/-
Is This Answer Correct ? | 134 Yes | 22 No |
Post New Answer View All Answers
How can fictitious assets be measured or valued?
What is combination?
1. what is responsibility of inword & forward agent ? 2. how to control cash expenses give five step ? 3. what is Vat 3. how many type of depreciation
describe how accuracy in trial balance is a prime objective for preparing the financial statements?
i have one question.when using fbra for reset clearing,message exchange rate different was posted and i have do reversalon the same time using fb08 but unfortunately i' m not authorize to use this transaction.my collegue only have.so how should i do.please advise
how to calculate stt
What is the rate of basic excise duty and specific duty And I want to know that how can I see that vat rate in up ,excise duty and tds details Please tell me site plese
what type of a/c these accounts are are tey real, nominal or personal (1)realisation a/c (2)new company a/c(3)equity share holders a/c
sir, i am working recruitment con.pvt ltd inthat one person salary will pay per month Rs.28000/- so i want to enter in our books only one salary payment or basic pay and spl.aa and others like this break up entrys we will pass please suggest
What is 100% EOu? what is the benifit and what is difficulty of it?
what is a reducing balance method and depreciation fund investment method and 2 diffrences?
Expand CCIT?
EXPAND_________SCM
A specially designed interview book on interviews for accounting Jobs . Pl send your mail addresses for despatch
what is the meaning of (PDD’s, DOD’s, CFR’s,) based on understanding of the business process