Answer / asha.ricky7

In case of vat payable:
output vat
Toinput vat
To vat payable

In case of vat refundable:
output vat
vat refundable
To input vat

Answer / g.k.gupta

in case vat payable as on 31-3
outputvat dr
To vatpayable

in case vat received by chaque or dd
bank a\c dr
to vat refundable

in case vat not in chaque or dd

it is depend state govt. act and oder pass by dept.of
commercial tax dept.

where to show Preliminary expenses except "Statement of changes in working capital" in Fund flow statement?

1 Answers  

---

what is an accured account ?

6 Answers   Genpact,

---

define accounting?

3 Answers  

---

define SOX

1 Answers   WNS,

---

stock split

5 Answers   FactSet Systems,

---

what is the difference between depreciation in account books and depreciation as per income tax act

2 Answers  

---

what is the balance sheet? And also tell me about the finanacial statement?

4 Answers   HCL,

---

Is there any significance between Bank Reconciliation and Account Reconciliation in Accounts?

2 Answers  

---

Sanjay Ltd invited applications from the public for the issue of 10,000 equity shares of Rs. 10 each at a premium of 20%, payable Rs. 3 on application; Rs. 5 on allotment including premium and the balance in two calls of an equal amount. Applications for 15,000 equity shares were received. The directors allotted 10,000 shares to all the applicants on pro-rata basis adjusting the excess application money towards allotment. All money due on allotment and calls were received. Give journal entries to record the above transactions in the books of the company. Also show the balance sheet.

2 Answers   Ignou,

---

Sales A/C belongs to which account type?

12 Answers   Chartered Accountant, OPI Global,

---

What do you mean by Debit and Credit?

5 Answers  

---

What is mean by Asset area?

0 Answers   HP,

---