What is Vendor Reconciliation and how is it done ?
Answer Posted / jyoti
Vendor(service provider) is one from whom we(service
acceptor)received services.So,Vendor Reconciliation(V.R)
means to know outstanding receivable as per vendor A/C and
outstanding payable as per our(service acceptor) A/C.
For doing V.R, one who is accepting service ask for
Statement of accounts(only for outstanding receivable)of
Vendor's, so that we can check and find out the reason for
discerpancies(if any) and can take corrective action to
close it.
Is This Answer Correct ? | 10 Yes | 5 No |
Post New Answer View All Answers
Define the term person?
How to adjustment of CST ? and also tell me about C-Form affairs ?
If a person got gold by wining a lottery and TDS on the gold value was not deducted by the deductor. After getting the gold, the person tranfer the gold to his daughter. After reading the provisions of the Income Tax Act, 1961, you are required to state that who is liable to pay the tax on the value of the gold? and is there any liability of the Deductor towards non-deduction of TDS?
What is tha Central sales tax rate 2010 in andhrapradesh
i have recently joined a bank as probationary officer.i ant to know hich of the two options bellow will be benefitial:- 1.receiving HRA or 2.receiving lease rent from the bank.
what are the slab rate for F Y 2010-11
What items come under deferred tax liability?
What is difference between Contract and legel and legel and profession service???? I had face this question in interview
taxes leivied on carpentar & plumbing services
what is capital account? how to manage it? what is the process?
What is Vat and how it is adjustable with input vat and what return form required for DVAT?
how to caluclate the mumbai tax with example? what is mean by credit and debit ?
The company i approached asked me that they are registered Manufacturer to market fire extinguishers. They have both VAT & CST registration. When they supply material out of state i.e. under "C" form, to a Dealer who is also registered with CST and who can issue "C" form but for product paint. Will the "C" form issued by the Dealer be acceptable to us. What law governs, since the dealer is not registered to trade in Fire Extinguishers? In the first instance will he be able to issue "C" form at all i.e. Will the government allow him to issue "C" Form, if so under what norms? In the case that my company is the Dealer and registered for trading in Paint and we are taking Fire Extinguisher Dealership will I get set-off in "C" form for purchase and Sale. Kindly let me know on russel.raphael@gmail.com
explain the special provisions for computing profit and gains of retail business
what is WCT rate in chhattisgarh