VAT entry
How to make a VAT entry in books including set off?
Expert
Purchases:
Accounts Payable: xxx VAT Input: xxx Cash in Bank: xxx Purchases recorded for the month.
Sales:
Accounts Receivable: xxx Sales: xxx VAT Output: xxx Sales recorded for the month.
Set Off:
VAT Output: xxx VAT Input: xxx VAT Debit and Credit Account: xxx Transfer of Surplus - VAT Debit and Credit Account.
Payment:
VAT Debit and Credit Account: xxx Cash in Bank: xxx Payment of VAT accounted for the month of: ______.
Write down a short note on the Performance evaluation and control in decision making process?
under gantt's bonus plan, no bonus is payable to the worker if is effeciency is less than how much?
What do you mean by the term key performance indicators or KPI? Explain in brief?
You must prove your calculations The following information pertains to Blue Company revenue cycle and was reported at December 31, 2011. Year 2011, additional information is as follows: 1. 100 units that was purchased fo
What are the key elements of the Shell’s ethical code? Describe in brief?
Job Order Costing: A technique of cost accounting which accrued costs for individual jobs or lots. A job might be a service or manufactured item, like the repair of tools or the treatment of a patient in the hospital.
Give a brief introduction of the term ‘Management Accounting’. And also write down its objectives?
Write a short note on the main working areas of the Finance department?
Refer to the below data. A budget surplus occurred in year: A) 2. B) 3. C) 4. D) 6. Provide solution of th
Product: Any traceable, discrete, or measurable good or service given to a customer. Frequently goods are termed to as tangible products, and services are termed to as intangible products. A good or service is the product result of a procedure resulta
18,76,764
1931463 Asked
3,689
Active Tutors
1447306
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!