what is the difference between excise duty and customs duty.
Answer Posted / anoop.m
if we are purchased materials from direct manufaturing companies, that time we want to pay the excise duty to the company.
customs duty means we purchase some items from outside India that time we have to pay the customs duty charge.
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
For example for formation of a new company/offshore company you need to show paid up capital of 100K but you don't have 100K you as a director borrow loan of 100K from 3rd party and deposit in the bank as paid up capital and issued shares of 100K in director name. After one week you return back 3rd part loan. What are the entries in the books?
Purchase order value Rs. 10000/- 0.7% is erection chareges (inclusive of the above price) central Excise applicable & Local sales tax applicable,The above price is inclusive of all taxes.
What is process of Vendor Reconciliation and which items will be Add and Less from ad per customer books likes step by step 1-Credit Note shown in vendor a/c but not booked in our a/c- Add or Less 2-Debit Note not shown in vendor a/c but booked in our a/c - Add or Less 3-Invoices not booked in our a/c but shown in vendor a/c- Add or Less 4-Payment booked in our books but not shown vendor- Add or Less If our balance is plus or minus rules is same. like 20000, (-20000) Sir, Provide your mobile n for clarify
Entry for revenue item will be Expenses A/C Dr to Cash. But in the Profit and Loss account we will see the expenses with a pre fix of To Expenses Why?
What are the disadvantages of manual accounting?
Explain some of the accrued expenses and the accounts in which you would record them?
You are using the accounts approach to parallel valuation and classic assets accounting. You need to create a new financial statement version to valuation based of IFRS principles. In asset accounting, what posting options can you choose for the new depreciation area? (any 2 answer) Area post in real time Area posts APC directly and depreciation periodically Area posts APC only directly Area posts APC and depreciation periodically
Explain me what is assets minus liabilities?
Explain what is bank reconciliation?
how to pass journal entries for reverse tax on input tax paid
What does a demo/presentation need to be effective?
If a promoter has purchased an asset on behalf of the company before the incorporation of the same then what will be the accounting treatment to record the asset in the books of company
what is valuation code and valuation modifier in sap fico
what is a grn in terms of accounting ? what is a grnthroughpo in terms of purchase order? what is a direct grn?
what is share application money pending allotment?