Please tell me under which heads following ledgers should
open or create.

1. Vat on Sales
2. Vat on Purchases
3. Excise on Sales
4. Excise on Purchases
5. Service Tax Input
6. Service Tax Output

It’s urgent for me.

Answer Posted / thiru

Duties& taxes

Is This Answer Correct ?    8 Yes 7 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How do we calculate the cost of investment?

1304


Explain what does the standard journal entry includes?

637


Do you think there is any difference between inactive and dormant accounts?

751


accounting principles, accounting concepts,meaning of managment and financial accounting and cost accounting.

1644


in tally ,professional fees head will come under which income group ,direct or indirect if the business of owner is designing work or related to creativity

5017






Why in SAP external number range should be selected for depreciation posting . any specific reasons for that explain me? Raj

1666


how to treat investment fluctuation fund in case of death of a partner

1867


what is account reconcillation

1702


What are the differences between accounting and auditing?

630


GRIR is the clearing account so it the balance will be zero, so how it will impact with balance sheet and why we require to reconcile that account ?

1075


What will be the entry when deduct ESI @1.75% from the employees salary?Same as in the time of ESI of employer part @4.75% in tally posting? In PF posting in tally what will be the entry ?

1543


What do you mean by material facts in accounting?

634


Revenue Expenditure

1667


I post Optional Voucher in Tally.ERP in which there is deduction of TDS is applied. But when I convert this voucher as regular voucher the TDS entry have to make again why so

1605


Why have you applied to our firm?

642