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

Question Posted / nita

Answers were Sorted based on User's Feedback



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

Is This Answer Correct ?    3 Yes 2 No

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)

Is This Answer Correct ?    1 Yes 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

Is This Answer Correct ?    0 Yes 0 No

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?

Is This Answer Correct ?    1 Yes 5 No

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