Answer / luv

mat is calculated under section 115JB inserted by finance
act. it is calculated by getting out 10% of book profits
for assessment year 2010-2011 bt foryr 2011-2012 its
15% of book profits

Answer / kalpana dudhate

M Vat calculate On Billing basis
sales bill is vat is called out put of vat
purchase bill,expense bill,assets bill vat is called input
of vat
vat = out put - (less) input
balance amt is vat payable

note: assets vat is only take input take on 3% set off

Expand C & F Agent

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EXPAND______________PCB

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Expand---------GMT

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what is t.d.s

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Contra entry with example?

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Answered but misspelled pl correct BOOK kEEPING IS AN ACTIVITY CONCERNED WITH (Ans.RRECOGDIN)

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Contingent liabilities should be recorded in the accounts when A) It is probable that the future event will occur B) The amount of the liability can be reasonably estimated C) Both A&B D) Either A or B

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Ramana,our customer directly deposited into our Bank a/c

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