sale tax which place effected
Answer / sandeep
Dr sales tax a/c
Cr. provision for sales tax
when paid
Dr provision for sales tax
Cr. cash or bank
| Is This Answer Correct ? | 1 Yes | 0 No |
what is the use of accounting standards
What is Accounting? How to prepare the manual accounts? What are the manual accounts? What are the subsidary books? How to classify, summerising and posting accounts. What are basic and important stpes to take while preparing journal,ledger,cashbook, Bank book, Trailbalance, Trading and profit and loss a/c and Balance sheet.
2 Answers MM Investment, Wartsila,
What is the difference b/w NPV and PBP?
who invented acounts?
an amount deducted from the catalog price for an item of merchandise is called?
Can any one explain me how profitability analysis s implemented in Sap & tell me which tables get effected by this... i want to know about copa_derive msgtypes also...
EXPAND______________ROC
what is the difference betwen p & l a\c and income & expenditure statement
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
Distinguish capital and Revenue receipts
How to caluculate the value of Corporate Profit, the value of personal savings and the value of indirect tax?
What is means by ERS ?