Interested to Buy Any Domain ? << Click Here >> for more details...
Please tell me under which heads following ledgers should
open or create.
1. Vat on Sales
2. Vat on Purchases
3. Excise on Sales
4. Excise on Purchases
5. Service Tax Input
6. Service Tax Output
It’s urgent for me.
- 14 Answers
- 69196 Views
- Genpact, IMK, MMS, I also Faced
- E-Mail Answers
Answer Posted / chowdary
duties & taxes for input vat(current assets)
duties & taxes for out put vat (current liabilities)
| Is This Answer Correct ? | 16 Yes | 0 No |
Post New Answer View All Answers
Explain what is involved in the process of double-entry accounting?
when we purchase of tractors and two wheeler vehicle from other state what we get taxes exemptions
state (5) accounting concepts and give 1 example of each
are tpt, freight & packing charges part of sales & purchase ??
Tell About ur self what will i say plz help me
Have you ever made mis reports and what are they?
we have a bill for billing software modification, i want to know that which head post this entry in tally & also tds applicable or not.
whether sale and purhases of cf agent are his and he is liablte to pay VAT on sale of goods and pay the tax to govt collected by him one more being receiving commission of saleproceed during the year whose stock would be it it is of c f agent or principal manufctrurer who has send the goods to sold on his behalf
Explain fictitious assets?
How will service tax & excise be charged?
2. A budgeted profit statement of a company working at 75% capacity is provided to you 2 below, Sales 9,000 units at Rs. 32 Rs. 2,88,000 Less: Direct materials Rs. 54,000 Direct wages 72,000 Production overhead: fixed 42,000 variable 18,000 1,86,000 Gross profit 1,02,000 Less: Administration, selling and distribution costs: fixed 36,000 varying with sales volume 27,000 63,000 Net profit 39,000 You are required to: (a) Calculate the breakeven point in units and in value. (b) It has been estimated that: (i) if the selling price per unit were reduced to Rs. 28, the increased demand would utilise 90% of the company's capacity without any additional advertising expenditure, and (ii) to attract sufficient demand to utilise full capacity would require a 15% reduction in the current selling price and a Rs. 5,000 special advertising campaign. You are required to present a statement showing the effect of the two alternatives compared with the original budget and to advise management which of the three possible plans ought to be adopted, i.e., the original budget plan or (i) above or (ii) above. (c) An independent market research study shows that by spending Rs. 15,000 on a special advertising campaign, the company could operate at full capacity and maintain the selling price at Rs. 32 per unit. You are required to: (i) Advise management whether this proposal should be adopted.
What is mutual fund what is derivatives what is capital market what is TDS.breifly
all ques. related to accounts?
Tell me do you think there is any difference between inactive and dormant accounts?
What are time sheets?
