A Vat account debit balance reported in the year end trail balance would represent?



A Vat account debit balance reported in the year end trail balance would represent?..

Answer / ge the maestro

An asset Input Vat balance(A debtor) which means the receiver of revenue owes us(the business)

Is This Answer Correct ?    1 Yes 0 No

Post New Answer

More Accounting General Interview Questions

Which company is coded in SENSEX ?

1 Answers  


Tell me do you have any idea about service tax or excise?

0 Answers  


on 02/05/2013 issued a cheque to third eye ltd of Rs.14000/- in full and final settlement against the due on amount

0 Answers  


What is use of statistics in accounting?

0 Answers  


what is the journal for bank charges? Give me sms on this no. 9885789716

1 Answers  






What id The Differed Tax Liablity

2 Answers  


If current liabilities shown in assets side of balance sheet.... what they did wrongly??? how can change the liabilty side from asset side???

2 Answers   ADI, Blue Pearl, BridgeStone, Confidential, Orion, PIPL, Vignesh, Wipro,


What have you read in the newspapers in the last few days that particularly interested you?

0 Answers  


Capital employed

3 Answers  


Explain the Realisation concept and Accounting concept? why do you prepare p/l appropriation account? 4 difference b/w public and private caompany? How do you calculated closing stock in tradind a/c? Contents an invoice receipt? classification of Error as per accounting? Diff btwn Satutory audit & Internal audit? Diff b/w reserves for bad debts and provision for bad debts? Where the Bank book and the Cash book will not reconcile? When will the Cash book have a credit balance?

0 Answers   Siemens,


Tell me what is “deposit in transit”?

0 Answers  


what do you understand by BRS? why is the reconciliation done?

3 Answers  


Categories