Accounting entry
This query is : Resolved
10 June 2013
VAT Subsidy to be received from Rajasthan govt. for the period september 2012 to March 2013. we have to make entry in books ending on 31st March 2013. Please suggest the entry and accounts group.
Thanks
Thanks
14 June 2013
Debit: VAT subsidy receivable
Cr: VAT subsidy ( off set a/c of your vat liability)
Cr: VAT subsidy ( off set a/c of your vat liability)
19 June 2013
Thanks
Pls. tell account group of following-
VAT Subsidiy receivable and vat subsidy
Pls. tell account group of following-
VAT Subsidiy receivable and vat subsidy
19 June 2013
VAT subsidy receivable need to create under current asset group
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