Answer / ratan kumar asthana

vat refundable a/c
to bank account

Answer / dattaram laxman chavan

vat refund a/c debit
bank account credit

Answer / prasad

Bank a/c Dr
To Sales tax refund/Vat input tax

Answer / t.srinath

Bank Dr
VAT Refund Cr

Answer / c.kavitha

vat refund Dr
sales returns Cr

what is the accounting entries of travel advance given to employee and settlement entries of same.

2 Answers   Book n Fly,

What is deffered revenue expenditure

2 Answers  

what is cap & floor of call rates?

1 Answers  

input vat and out put vat comes which head?

3 Answers  

what is reverse repo?

6 Answers  

Short Answer on ______Amortization

0 Answers  

Expand---------DEP

0 Answers  

Explain why the assets of a partnership are usually revalued before the admission of a new partner or the retirement of an existing partner

0 Answers  

what is the difference between valuation class and valuation area in sap FICO

1 Answers   Cap Gemini,

What is Exgratia???

1 Answers  

If you keep an amount for the office interior designing purpose what is the entry?

5 Answers   bscpl, L&T,

PLEASE EXPLAIN DEBIT NOTE & CREDIT NOTE?WITH THE FOLLOWING QUESTION? 1)IF X LTD.SOLD MATERIAL @ RS.112500/-WITH INCLUSIVE VAT @ 12.5% TO HIS SUPPLIER(CREDITOR),BUT AFTERWORD THEY FOUND THAT THE MATERIAL COMES UNDER 5% VAT RATE CATEGORY.SO HOW THEY ADJUST THEIR LOSS RS.7500/- IN THEIR BOOKS? 2)IF X LTD.SOLD MATERIAL @ RS.112500/-WITH INCLUSIVE VAT @ 12.5% TO HIS CUSTOMER(DEBTOR),BUT AFTERWORD THEY FOUND THAT THE MATERIAL COMES UNDER 5% VAT RATE CATEGORY.SO HOW THEY ADJUST THEIR LOSS RS.7500/- IN THEIR BOOKS?

1 Answers   URC Construction,