Answer Posted / dinesh
If VAT is receivable (ie on purchase bill) it is asset.
if Vat is payable (ie on sales bill) it is liability
Is This Answer Correct ? | 84 Yes | 17 No |
Post New Answer View All Answers
Explain how to do an internal audit effectively?
Explain the difference between internal audit and external audit?
Why do you want to work in audit?
vat on liquor vat on food ? vat on bevrages ? vat on tobaco? vat on gold?
Why you want to be a auditor?
i need to pay around $90000 to Mr.R and the agreement clause says that any amount payable as tax are not included in the amount.So how much i need to deduct TDS...??
How does an internal audit differ from an external audit?
Explain the basic principles of an internal audit controlsystem?
What does an internal audit charter contain?
What is the mean of statutory audit?
what is the accounting treatment on Putoption over own shares.?
May deduct TDS Froma reseller ?
Explain about cross functional audits?
how to prepare the internal audit sheet ? explain me with example. (take example of LOGISTICS& SUPPLYCHAIN MANGEMENT COMPANY)
What are the objectives of internal audit?