Answer Posted / atul pandey

The journal Entry of Sales transaction of vat is

Party A/c DR...
To Vat A/c
To Sales A/c

For E.g suppose A company X made a sale of 10000 to Company
z and there is a amount of Vat 5 percent in it. so the
entry made in X A/c is

Z A/c DR......... 10000

To Vat A/c .........477
To Sales A/c .......9523

Why is it necessary to prepare Asset Disposal Account?

1886

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Purchase Goods worth rs.1000/ icluding vat of rs 40/ & Service charge receive 1000/ including service charge rs 123.60/ What will be entry in Tally? Please Define me?

1855

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Define tally accounting

951

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WHAT IS ACCOUNTING HEAD FOR TRADE FINANCE? I HAVE PAID 49268 FOR TRADE FINANCE.WHERE SHOULD I TAKE IN TALLY

2057

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WHAT IS MIS REPORT IN ACCOUNTS ? WHAT IS ITS USE IN ACCOUNTS & GIVE WITH AN EXAMPLE ?

2370

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What Is Responsibility Accounting?

1175

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rents part of its building for a monthly fee of $1,250. The rent for the month just past has not been received.

2108

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what is the new rate of c.s.t in uttraklhand

2358

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How many types of business transactions are there in accounting?

1075

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Can you please explain the difference between differentiate between consignor and consignee?

1070

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Who is considered the father of accounting?

1192

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what are cost accounting and its applications?

1065

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Entry Tax is Central Income or State Income. Which Challan this tax deposited ? In Sale Tax Return which column is shown this tax

1871

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shyam consigned 200000 unit @ rs 5/-each to mr ram and paid freight and insurance amounting to rs 100000.ram spent further following amount: 1) insurance rs 5000 2) godown rent rs 4000 3) clearing rs 6000 2000 unit were damages during transits due to heavy rains. Ram sold 100000 unit @rs 10 per unit . ram realisec solvage value of damage unit rs .2000 ram is get 5% commission on sale determine the abnormal loss?

2420

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what stock transfer applicable in sister concern unit.

2217

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