In which book of prime entry would the vat output Vat on credit sale be recorded?
Answers were Sorted based on User's Feedback
Answer / laxman sharma
In journal's entry ,
Cash a /c. Debit
Sales a/c credit
Output vat a/c credit
| Is This Answer Correct ? | 11 Yes | 2 No |
Answer / laxman sharma
In Journal entry
Cash A/c Debit
Sale A/c Credit
Out put vat Credit
| Is This Answer Correct ? | 7 Yes | 1 No |
What is the difference between depreciation and amortization?
how do we pass the Entry for Depreciation?
Our company given party to employees. this expenditure which account head booked ? please tell me
Field Status group in SAP is defined at which level? Please respond with one line reasoning for your thought.
Is it possible to change the accounting period under Indian GAAP from 1/Apr-31March to 1/January-31/December? There is any restriction in doing that, i mean for example for fisal purposes? Thank you all!
Explain what is ledger?
how calculate advance tax?
Which is the adjustment which is not a part of Trial balance but a part of Balance sheet ?
You are a senior level manager in a large company: • List and explain the types of accounting information that are important to you and your staff when making decisions. • Explain how your managerial accountant uses technology to develop and communicate this information throughout your large company.
what is the rule for applying EL and CL and what is the Advance period for applying EL and CL
If assume we paid 50/- as an advance for worth or 100/- goods, but our supplier sent only up to 25/- worth of goods. Know my question is that we want to close the transaction now and how it possible? What about vat like tax setups in ap and ar? What about the sweep command in ap?
In manufacturing co at what time entry tax shall be applicable