What is the entry to be made when any service tax is paid
for any vehicle hired or any service used when tax is
included in that bill

Answer Posted / vijay kumar


dr van hireing charges
dr service tax cr
dr edu cess
dr h. education
cr party

Is This Answer Correct ?    13 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Explain in simple terms what is the difference between asset, equity, and liabilities?

611


a cc. has balance Rs. 8,40,000 at the credit of profit and loss a/c this balance is used for redemption of debentures what will be the entry

1500


What are the different branches of accounting?

608


what is debit balance report in SAP?. how do you describe DB report in brief.

1520


What is the definition of offset accounting?

631






what is share application money pending allotment?

3645


Please help me with the accounts head for the below ledgers for e.g. for Salary A\c - Indirect Expenses is the account head in tally. what is the account head for below ledgers. Salary A/c Dr. xxx To EPF Payable (employees' contribution only) xx To ESI Payable (employees' contribution only) xx To PT Payable (deducted from employees only) xx To TDS Payable (if deducted from employees' only) xx To Salary Payable (net amount only) xxx Salary A/c Dr. xxx To EPF Payable (employees' contribution only) xx To ESI Payable (employees' contribution only) xx To PT Payable (deducted from employees only) xx To TDS Payable (if deducted from employees' only) xx To Salary Payable (net amount only) xxx Salary Payable A/c Dr. xxx To Cash / Bank A/c xxx

2291


M/s ABC Brothers, which was registered in the year 2000, has been following Straight Line Method (SLM) of depreciation. In the current year it changed its method from Straight Line to Written Down Value (WDV) Method, since such change would result in the additional depreciation of Rs. 200 lakhs as a result of which the firm would qualify to be declared as a sick industrial unit. The auditor raised objection to this change in the method of depreciation. The objection of the auditor is justified because (a) Change in the method of depreciation should be done only with the consent of the auditor (b) Depreciation method can be changed only from WDV to SLM and not vice versa (c) Change in the method of deprecation should be done only if it is required by some statute and change would result in appropriate presentation of financial 6 statement (d) Method of depreciation cannot be changed under any circumstances

1379


under which accounting rule prepaid salary?

1759


When Start Service Tax Deducted? How Many Percent is deduct? Service Tax deposited Date in Current 2011.

1658


Where the financial accounting fails the cost accounting for is rescue but still there are some limitations deficiencies in the system?

679


What are the four classifications of bad and doubtful debts as per the context of the bank?

683


Tell us depreciation and its types?

626


Is it mandatory for the employees staff of a School, if so give details

1564


describe the rule of garner vs murray and how it relates to the dissolution of a partnership

4264