If Sales is Rs 1000 (Inclusive of Vat), Vat Rate - 20%, What
is Vat Payable?
Answer Posted / sanjay kapoor
If Sales is Rs 1000 (Inclusive of Vat), Vat Rate - 20%, What
is Vat Payable?
Vat Payable = 1000*20/120=Rs 166.6667
Is This Answer Correct ? | 22 Yes | 2 No |
Post New Answer View All Answers
what is profit and loss(dr) in cash flow statement?
hi, this is shanthi kumar(M.Com). i would like to attend interview in genpact company.please send finance interview questions and interview details. thank u very much
What is cash flow and fund flow?
How can you explain the basic accounting equation?
What is the objective of the balance sheet?
What is the difference of cost accounting and financial accounting?
how to pass provision salary full and settlement(inclusive Bonus,Gratutity etc )please show me entry
How do I record a prior year property tax refund on sale of asset due to overvaluation
What do you think is a bank reconciliation statement?
What else ? This is the question asked to me every where every time while facing interview. I want to know is this a real question for accounting? If yes haw or if no How? I am really confuse.
My question is on Opening & Closing Stock Suppose Closing stock of 2014-15 is Rs 30 lakhs & Also we filed return & ROC too for 2014-15. Opening stock for 2015-16 should be Rs 30 lakhs but we found that some purchase for feb & March 2015 Stock has been entered in tally Its taken directly to purchase split of stock not made & in sales to same of 2 lakhs no split of stock is shown. Those stock need to make changes in 2015-16 what was the process ? And what will be adjustment entry ?
How to pass journal entry for payment of 20 % of outstanding income tax demand of AY 14- 15 of an company in the AY 18-19.
What does the financial statement of the company include?
Define executive accounting?
What is an operative accounts?