Answer Posted / p vasudeva roa

Vat - Value Added Tax
Form - 200 (only in AP)
When goods are sold or purchased with in the state Vat is
applicable that is 4% or 14.5% depending on goods.

Cst - Central Sales Tax
Form - IV ( only in AP)
When goods are sold or purchased out side the state, Cst is
applicable that is 2% with C-Form & 4% without C-Form.

Explain which account is responsible for interest payable?

1424

---

List the type of transactions entered in journal proper.

1226

---

What does the investment of personal assets by the owner will do?

1147

---

Tell me what would you say are the most important qualities of an account manager?

1029

---

journal entry for prepaid insurance and salary outstanding

1661

---

Have you ever heard about tds, what it is?

1135

---

Any body would tell me how to takeover withholding tax at the time of go live in sap fico

1564

---

Explain what are the accounting events that are frequently involved in compound entries?

1242

---

what is loan operations and what are the complete process form from making customer to closure of loan

2170

---

Richman Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 10% stock dividend on June 1 when the market price per share was $12. The shares were issued on June 30. Instructions: Prepare the necessary entries for the declaration and payment of the stock dividend.

2521

---

Explain what is bank reconciliation?

3926

---

X draws a bill on Y for Rs 20,000 for 3 months on 1.1.05. The bill is discounted with banker at a charge of Rs 100. At maturity the bill return dishonoured. In the books of X, for dishonour, the bank account will be credited by Rs. (a) 19,900 (b) 20,000 (c) 20,100 (d) 19,800

3646

---

How is the accounting for lease transactions done?

1138

---

What is consignment cycle.?Explain the steps involved in the Consignmet..?

1630

---

What is the difference between perpetual & periodic inventory system?

1096

---