Answer Posted / p vasudeva roa

Vat - Value Added Tax
Form - 200 (only in AP)
When goods are sold or purchased with in the state Vat is
applicable that is 4% or 14.5% depending on goods.

Cst - Central Sales Tax
Form - IV ( only in AP)
When goods are sold or purchased out side the state, Cst is
applicable that is 2% with C-Form & 4% without C-Form.

pass journal entries of the following transaction in the books of AG sindh, AGPR,FTO and SBP: 1)DDo sindh house submitted a bill for purchase of furniture to AGPR islamabad for Rs.200000 on 20th March 09; 2)AGPR issued cheque on 2nd april which was cleared by SBP on 5th April; 3)On 26th may, voucher were exchanged in the clearing house; 4)On 28th May, AG sindh issued advise to settlement to SBP karachi; 5)On 5th june,SBP HQ karachi sends a copy of clearnce memo along with bank statement to AG sindh and AGPR for settlement made on 31st May.

2985

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Tell me what is the difference between accumulated depreciation and depreciation expense?

1169

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What are the two most important Factor that should be kept in mind when there is a buy back of shares in companies as per indian companies act,1956

2095

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what is bank aceleted?

2082

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Tell me what is gaap?

1023

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How to show Airticket Expense on Company's A/c as Company expense

1789

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How to calculate Term Loan interest and the double entry for Term Loan ? What difference between hire purchase and term loan ??

5368

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Where a cash discount should be recorded in a journal entry?

1073

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adjustment entry showing in tally such as outstanding salary prepaid salary etc.

3271

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what is revenue recognition rule, and can you specify the answer.

1730

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Tell me different branches of accounting?

1032

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WHAT IS THE PORTFOLIO MANAGMENT SCHEMES ? ITS WHICH TYPES INCOME ?

1901

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What is peach tree accounting?

1086

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How calculate holding company account?

2097

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How can you made payment when bill come from vendor, what is the bills have you check.

1922

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