if firm sales tax paid , under which ledger and subledger it would be posted?

if firm sales tax paid , under which ledger and subledger
it would be posted? give brief information

Question Posted / nita

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if firm sales tax paid , under which ledger and subledger it would be posted? give brief informati..

Answer / manu s shetty

cash a/c dr
To sales a/c
to Vat a/c

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if firm sales tax paid , under which ledger and subledger it would be posted? give brief informati..

Answer / m sambasiva rao

When Sales Tax Paid the follwoing entry to be made by
Accountant
Sales Tax Payable A/c Dr
(under group of other liabilities)
To Bank A/c
(Cash & Bank Balaces)

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0 No

if firm sales tax paid , under which ledger and subledger it would be posted? give brief informati..

Answer / sandeep

credit the actual sales value,
credit the sales tax portion,

debit the venodr with total value,

@ the time of deposit sales tax debit the sales tax a/c.

thanks

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if firm sales tax paid , under which ledger and subledger it would be posted? give brief informati..

Answer / sasi

How can I calculate TDS AND FBT tax for a Travel Company?

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1 Yes

5 No

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