Answer / govind

Vat Payable A/c (2009-10) Debit

Interest a/c Debit

Penalty A/c Debit

To Bank or Cash A/c

(Vat paid for the f.y.2009-10 & charges Interest by sales tax Dept.on vat payable amount...... & with paid penalty)

Answer / madhukar nimbalkar

vat payable (2009-10) a/c. Dr
To bank a/c. Cr.

narration:- tws vat payment made for finalcial year 2009-10
by internet.

Answer / shivam

if a prop.Firm or Partnership amount is less in account of
capital account and in the case of company amount is less
in reserve and surplus account.

How do I record a prior year property tax refund on sale of asset due to overvaluation

0 Answers  

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What have you read in the newspapers in the last few days that particularly interested you?

0 Answers  

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what is meant by OGL ?

1 Answers  

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What is bills in accounts.

4 Answers  

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which is the first bank established in india?

1 Answers   IBPS,

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hi every one i just want to know the entry for bank charges dt 31.3.2016 which deducted on 02.04.2016 kindly help me thank you raj

0 Answers   Indian Timbers,

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what is interest on purchase consideration?

1 Answers  

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we had company we provide work others they deducted tds how to pass entries in my company please tell me

1 Answers  

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where outstanding debts being Rs 48000 and 20% considered to write off . pass jounal entry.

2 Answers   Kalyani Forge, MCom,

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The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2

0 Answers  

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Difference Between Economics and Finance

1 Answers   Deloitte,

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in the tds entery party ledger which group under craete

2 Answers  

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