Answer Posted / ankit soni

its very simple
output vat-input vat =vat payable
out put vat dR
input vat cR
vat payable cr

using examples, examine the relevance of the following as final accouting adjustments; 1.reserves 2.provisions 3.disposal of assets 4.control accounts

1941

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Explain me by saying, perpetual or periodic inventory system; what do we mean?

1190

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Can u please send me a set of accounting base questoin with answer,genraly ask by interviewer?

2140

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Tell me about a situation where you showed determination?

1116

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i had taken one year gap in completing my graduation bcom should it be considered as backlogs i dont have any kt or anything else i have passed all exam in one trial

2101

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Sales Invoice 50000/- fully profit , management want profit for this year should be appear in P&L A/c and B/S 25000/- only and remaining 25000/- profit retain for the next year  What will be JV for this year and next year?- Thank you

2673

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what is the last date of deposit TDS on liability for the assessment year 2010-11

2088

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record the following transaction in the various books of accounts F Black loan us $5000 paid by cheque.

3611

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What is the general entry for charge on bank overdraft

1557

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Tell me do you think accounting standards are mandatory and why?

1212

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What is the difference between cfa and csa?

10640

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Tell me what is your track record for consistently achieving your targets?

1386

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Under the accrual basis of accounting, when revenues are reported in the accounting period?

1016

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Wha is difference between expenses and expenditure

1881

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From the following particulars taken on 31 December, 1995, you are required to prepare a bank reconciliation statement to reconcile the bank balance shown in the Cash Book with that shown in the Pass Book: (i) Balance as per Pass Book on 31 December, 1995, O/D Rs 1,027. (ii) Four cheques drawn on 31 December but not cleared till January are as follows: Rs 12; Rs 1,021; Rs 98; and Rs 113. (iii) Interest on O/D not entered in Cash Book Rs 51. (iv) Three cheques received on 30 December and entered in the bank column of the Cash Book but not lodged in bank for collection till 3 January next: Rs 1,160; Rs 2,100; and Rs 2,080. (v) Cost of cheque book, Pass Book, etc; Rs 1.50 entered twice erroneously in Cash Book in November. (vi) A Bill Receivable for Rs 250 due on 29 December, 1995 was passed to the bank for collection on 28 December, 1990 and was entered in Cash Book forthwith whereas the proceeds were credited in the Pass Book only in January following. (vii) Chamber of Commerce subscription Rs 10 paid by bank on 1 December, 1990 had not been entered in the Cash Book. (viii) Bank charges of Rs 5 had been debited in the pass book twice erroneously. . . . plz be fast

2064

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