Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / ravichandra
VAT means value added tax. it was introduced in
andhrapradesh in the year apr 2005.
In india vat is collected only on goods.
vat is collected on all purchase and sale of goods.
vat is collected on purchase of goods is called input tax.
vat is collected on sale of goods is called out put tax.
| Is This Answer Correct ? | 7 Yes | 0 No |
Post New Answer View All Answers
Which Exchange determine Foreign Exchange/Currency Rate?
Dear all, Could you suggest me that if got a job in a/cs in Big org but on payroll of Outsourcing company,What should to prefer the company payroll or job the ?
how history is helpful for banking?
in a every intervew asking one common question why you are living current employer, which is the best answer
How Many Points include in Mat Calculation , what is the different bitween Gross Profit & Book Profits?
why do u want to join bpo sector
let me know the difference between net cash flow and income
SOUTH ATLANTIC OIL AND GAS INC.is a fraud company
How to increase our credit rating score quickly?
What is written off?
helo sir, i want to know the writen exam pattern for finance and accounts ang general apptitude test of ongc.
Weather Entry tax on consumable goods purchased against CST
What is miscellaneous expense and when it is used
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
i engaged with the accounts of manufacturing concern, i have a question when we purchased a fixed assets and after this we put the fuel in this for trial then this fuel is our also capital exp
