Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / ajay
set off is related to taxes.for i.e. vat tax
if vat output is higher than vat input than we have to pay
the excess vat payment which we get after subtracting vat
output with vat input.
vat output-3000/-
vat input-1500/-
---------------
payble amount 1500/-(it is the amount which is due after
sett off)
if input is higher than output than excess of output is
carried forward.i.e.
vat input- 3000/-
vat output-1500/-
----------------
vat carried forward - 1500/-(it is the amount which is
carried forward)
| Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
What is the Corporate Tax, Minimum Alternate Tax, Professional Tax, Business Tax Describe Me
Explain me is any difference between inactive and dormant accounts?
What is reversing journal entries?
If a promoter has purchased an asset on behalf of the company before the incorporation of the same then what will be the accounting treatment to record the asset in the books of company
What is the abbreviation for the accounting terms debit and credit?
6. What is the amount of Simple Interest on $ 1,500 for 90 days at 6% interest (year is 360 days)?
Tell us do you possess any knowledge about accounting standards?
Journalise- opened a saving a/c with S.B.I. ?
When Iam entering sales in Tally ERP 9, It Is not reflecting in the stock, Why itt is happends like this ? I entered sales with delivery note Number, So think that is because it is not reflecting in Stocks, and when iam checking in the stocks its saying negative stock
"A" has two divisions of "B" and "c".In our system we have two vendor accounts of B&C.We have received one Non PO invoice of B and posted wrongly in C and its got paid.While reconciling the account we got this error is happend.We contacted the C and asked for refund.But C said,he transfer internally the amount directly to B and he will not refund the amount.How we will settle this entry in our books. If we reverse the entry...there is one invoice needs to be reverse and payment doc needs to be reverse..how we can settle this in our books...
What is the general entry for charge on bank overdraft
What is good accounts Process & Execution capabilities?
i have pay to 250000 excise duty so i ask to all how can maintain entry in tally ?
How to show Airticket Expense on Company's A/c as Company expense
What are the steps to take before you approve an invoice for payment?
