If Sales is Rs 1000 (Inclusive of Vat), Vat Rate - 20%, What
is Vat Payable?
Answer Posted / maqbool ahmed
1000*20/100
166.67 vat payable
833.33 is sales (execulding vat)
the total sales for 833.33 and vat payable 166.67
Is This Answer Correct ? | 3 Yes | 1 No |
Post New Answer View All Answers
i am working in construction company.we have more then one projects.i enter attendance in payroll projectwise.i want salaries in projectwise not overall in payroll autofill. thankyou sir
HOW CAN WE CONVERT IN CFT TO A ROUND LOG??
I got a transaction of Online Recruitment Charges, So What is the Ledger to Create?
please send me banking question on my email ID as I have been selected for state bank of india .my email ID is sawant.supriya51@gmail.com
What is the distinction between cost accounting and management accounting?
What is the Technology used to carry out trades? Pls Tell me as early as possible.
purchase return liability or asset?should it be included in the balanced sheet?
Explain me do you think accounting standards are mandatory and why?
Define dual aspect term in accounting?
Can you help me to pass the journal entry for work in progress for a construction company? I would like to know the debit and credit for W.I.P will be under in which accounts head. Eg: debit will be in current asset a/c head, and credit will be under in which a/c in P&L? whether under purchase a/c head, or under direct income a/c head? please give me the details. Thanks for your previous answer?
how will rectify the error in trial balance.
Sir how the enter of GST adjust of sales return
Under what type of account do the unearned revenues fall?
What is partnership accounting?
I TRANSFERRED A STOCK OF RS. 100.00 FROM HEAD OFFICE DELHI TO MFG. UNIT OFFICE AT HARYANA AGST FORM F.AT BRANCH GOODS ARE PROCESSED AND ADDED VALUE OF RS. 80.00 AND TRNF BACK TO DELHI HEAD OFFICE FOR RS. 180.00 AGST FORM F FROM HARYANA . AND HEAD OFFICE SOLD THIS TO PARTY AT RS. 200.00 . I WANT TO KNOW HOW TO MAKE ACCOUNTING ENTRIES IN BOTH BOOKS HEAD OFFICE AND BRANCH OFFICE. TO SETTEL ACCOUNT AND TO CONSOLIDATE THE BOOKS AT THE END OF YEAR.