entry tax calculate on purchase +freight inward or not
Answer Posted / koustab saha
no it should be calculate on (purchase+(purchase*20%profit+freight)*1%
| Is This Answer Correct ? | 5 Yes | 4 No |
Post New Answer View All Answers
I purchased a machine and finance it by bank with the amount 1900000 and bank apply the finance charge 440000 for 3 years finance how to pass this entry still machine value is 2200000 is finance charge is interest (indirect exp.) pls help me.
what is the right process for input credit of Service tax. and on which service i can take credit.
HP EMPLOYYES - If any one in HP company, Please give refernce for attend the Accounting Job in chennai,Bpo- chetpet.If any one Worked there Please,Send mail to me Umaiyo@gmail.com.I have 1 year exp in banking sector, & 8 months exp in accounting in SIEMENS, at present I'm searching for a job.If any person see this mail,Kindly send mail to me. Thank U Friend.
How is the accounting for hire purchase transactions done?
what is a difference between public and private accounting?
Explain me bills receivable?
Can anybody tell me the steps involved in Budgeting / Forecasting generally..?. Hints would be appreciated highly.
what is your opinion regarding T.V shows on youth
Tell me what is reversing journal entries?
What is the logic behind this entry P & L Appropriation A/c ..........Dr. To Provision for income tax A/c
What is a ledger in regards to accounting?
Hi All, Can any body Explain the End to End Flow of Product Costing in SAP with Integration Point and Journal Entries Involved in the Flow ?
I wana give interview as a accountant what the question will asked by interviewer ??? Please suggest me so I can clear inteview. abhinandan
What other careers are you considering?
While finalizing the current year’s profit, the company realized that there was an error in the valuation of closing stock of the previous year. In the previous year, closing stock was valued more by Rs.50,000. As a result (a) Previous year’s profit is overstated and current year’s profit is also overstated (b) Previous year’s profit is understated and current year’s profit is overstated (c) Previous year’s profit is understated and current year’s profit is also understated (d) Previous year’s profit is overstated and current year’s profit is understated