Answer Posted / prasad

CENVAT credit means excise duty and service tax paid on inputs(like raw material,fuel etc.)for manufacturing of goods is deducted from the excise duty payable on the goods manufactured..

I have a doubt in tally,if a customer purchase our product on cash or sometimes credit,under which head i need to make the customer ledger.?

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the bank returned S meyer cheque for R450. the cheque has been dishounerd because of insufficient funds, discount of R50 was allowed the account was settled

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Interest received 5,000 and still receivable Rs. 2,000 PLease give journal entry for this!

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under the modified cash basis of accounting, most revenues and expenses are recognized on the cash basis. Which one of the following items is an EXCEPTION to this accounting practice? a.Advertising b.Professional Fees. c.Supplies d.Rent

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Tell me in accounting, how do you define premises?

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WHAT IS THE VAT/CST RATE FOR PURCHASING COMPUTER/PHERIPHERALS FROM GUJARAT AGAINST C FORM, FOR DIU (UNION TERRITORY) AND WHAT RATE OF VAT/CST I HAVE TO PAY IN DIU FOR SALE.

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What is the purpose of accounts like e.g. expense accounts assigned a account number 0040, principal account assigned anumber 0060.In our general ledger software such numbers are assigned.I want to know how these numbers (accounts) help in maintaing accounts of a company (like bank reconciliation).

1955

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Have you ever heard about tds, what it is?

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What is invoice processing can u explain it?

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How to pass VAT retention entry on computer and Furniture

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How do we calculate the cost of investment?

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Please note that all the question related to VAT is belongs to pune, maharashtra. waiting for quality reply.

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What is Bank Reconciliation Statement? How to calliculate in tally erp9.0?

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What does overhead mean in regards to accounting?

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Define fictitious assets?

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