What is VAT & how much vat percentage?
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Answer / raghu.v
Value added Tax .it is indirect tax collected by State Govt..VAT is levied on goods at the time trading.VAT rate depends on goods.
| Is This Answer Correct ? | 9 Yes | 1 No |
Answer / dattaram laxman chavan
the goods which is include the tax i e VAT (value added tax)
percentage of tax is depend on the category of the products which is fixed by the department of the sales tax
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / sujal koirala
VAT is value added tax. It is according to the rule of the government or specific organization.
| Is This Answer Correct ? | 3 Yes | 1 No |
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EXPAND___________INMA
Expand--------TOS
Liabilities: 2006 2007 Assets 2006 2007 Trade Creditiors 100 40 Cash atBank 100 65 Bills Payable 50 60 Account/R 105 120 Outstanding Expenses 25 20 B/R 130 140 Bonds Payable 220 140 Inventory 110 40 Accumulated Depreciation: Machinery 120 160 -on Machinery 30 35 Building 300 310 -On Building 75 85 Land 60 130 Reserves 100 115 Patents 55 60 Retained Earning 130 170 share Capital 250 360 Profit from operation after providing Rs.10,000as depreciation on building and Rs.10,000 on machinery and Rs.5,000 as amortization on patents for the year 'April 06- March07' was Rs.35,000. Other revenues for the year were Rs.40,000. An old machine with original cost of Rs.15,000 was sold at a loss of rs.5,000. Prepare Fund Flow Statment and Cash Flow Statment for the year ending March 31 2007 based on the information given above.
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