see if it has inncurred within an a/c year then it must be p/l item &

Can i clarify, whether VAT & Service Tax are Proffit & Loss
A/c items (or) Balance Sheet Items.

Question Posted / pawan kumar

Answer Posted / pawan kumar

see if it has inncurred within an a/c year then it must be
p/l item & if it is c/f to next year it should be go to b/s

Is This Answer Correct ?

3 Yes

8 No

Please Help Members By Posting Answers For Below Questions

If i want to establish a company in which i want to manifacture and sell the Wine. So how many permissions i have to taken and who will issue those?

2228

what are the seven accounting rules

2099

interest paid comes under which head

1477

to attend interview for real estate company accounts

2070

Expand---------PDBC

1925

Which Exchange determine Foreign Exchange/Currency Rate?

1929

Short Answer on ________Accounts Payables

1942

which Electrical items is Exciseible

2257

Received cheque Rs 250000 which is exclusive of 5% Security deposit 2.24% income tax and i% miscellaneous recovery. Pass necessary entry

2175

Short Answer on _____________Accident Insurance

1754

What Is Depreciation, and from which date do we charge Depreciation for an asset ?

2093

What is Summarising

2437

duties of bank finance manager

2200

WHAT IS THE DIFFERENCE BETWEEN PUBLIC COMPANY AND PRIVATE COMPANY? MUTUAL FUNDS? GOOD WILL? ABOUT YOUR PROJECTS?

2111

legal accounting methods to reduce profit of a partnership firm so as to reduce the tax liability?

3090