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.
Answers were Sorted based on User's Feedback
Answer / m.sujan kumar
Actually all tax items should come under Duties & taxes either it may be receivable or it may be payable. If it is a payable then we will find in balance sheet under duties & taxes head a positive figure, if it is refundable item (that means we have input tax credit) then we will find that in a negative figure.
Is This Answer Correct ? | 1 Yes | 1 No |
Answer / mohammed zubair
Hi
Hr sreepada bhagi
I really appretiate that your answers which you have posted
for differnt questions is very good that any other
Your are very cunning
E mail Zubair_glad24@yahoo.com
Is This Answer Correct ? | 1 Yes | 2 No |
Answer / b.thirupathi
current assets and current liabilities to be prpare
Is This Answer Correct ? | 0 Yes | 3 No |
Answer / gouthami
1.vat on sales under sales a/c
2.vat on purchases under purchases a/c
3.excise on sales under sales a/c
4. excise on purchase under purchase a/c
5. service tax input under purchase a/c
6. service tax output under sales a/c
Is This Answer Correct ? | 3 Yes | 17 No |
why loose tools are not treated as current asset?
what is difference between budgeting and Forecasting
HI EVERYONE I WANT TO KNOW, CAN WE ISSUE DEBIT NOTE OR CREDIT NOTE AGAINST STOCK TRANSFER , IF WE ISSUE OR NOT ISSUED THENY WHY PLZ EXPLAIN
What is the mean of capital in account
if we have charged vat @ 5% instead of 4% ,how can we rectify that invoice ?we have already send that invoice to our client and we have received that payment also .Invoice Dated 25/01/2010 Kindly advice on that .........
When Iam entering sales in Tally ERP 9, It Is not reflecting in the stock, Why itt is happends like this ? I entered sales with delivery note Number, So think that is because it is not reflecting in Stocks, and when iam checking in the stocks its saying negative stock
0 Answers Abradant International,
what is the golden rules of accounting
Credit purchase entry
Please note that all the question related to VAT is belongs to pune, maharashtra. waiting for quality reply.
Tell me entries to revenues accounts such as service revenues are usually?
If the financial year is Jan till Dec then would we make any entry for the telephone bill of Dec, whose invoice/bill would generate in Jan of next year. If yes what would be the amount as bill is still not received and what would be the adjusting entereis. Also how to rectify the same in next year?
On January 20x2, the balances of ABC Ltd's provision of doubtful debt account was $1510. During the year, a total of 3750 of account recievable was written of as bad debts. The balance in the provision for doubtful debts account at 31st Dec was 1450. What is the total amount of bad debt recognised this year?