Answer Posted / nayana patel

Vat Paid Entry
Vat Payable a/c dr
To vat receivable a/c

OR
vat Paybale a/c dr
To Bank a/c.

service Paid
Service tax payable a/c dr
to bank a/c

Excise Duty
Excise Duty Paid from Cenvat or Pla
Excise Duty @ 10% dr
Edu.cess @2% Dr
S.edu.cess @ 1% Dr
To Cenvat on Purchase Excise @10% Cr
To Cenvat on Purchase edu.cess @2% Cr
To Cenvat on Purchase Sec.educ.@ 1% Cr

Or
Excise Duty @ 10% Dr
Educ.cess @ 2% Dr
S.educ.cess @ 1% Dr.
To Pla Ledger Cr

Do is it proper fo an engineer to head a bank without a good backgroud in accounting? ?

1923

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Explain fictitious assets?

1054

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Tell me what is reversing journal entries?

1066

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4707

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what is the Journal entry for credit card bill paid from same bank account

1721

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1026

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IF SALES BILL PREPARED BY CHARGING CST 4 WHEN THERE IS CST 4 TO BE CHARGED. BUT NOT 2010-2011 CST IS 2%. NOW WE HAVE TO PREPARED CREDIT NOTE AGAINST THAT BILLS WHICH CHARGED CST4 AT THAT TIME. THEN I HAVE TO ASK THAT HOW TO MAKE CREDIT NOTE NOW I.E 2010-2011 BY CHARGING 4% OR 2% ?

2166

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1098

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

1097

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What is accounting normalization?

1090

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as muthoot finance is a finance co,so what would be pattern of asking in relation to finance and a/c question?will it be basic or general or it would be market related situation?plz if help me anybody...

2262

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1963

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why you want to lecturer

2209

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1105

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1164

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