accounts
This query is : Resolved
19 July 2009
There was a opening balance in VAT a/c of rs. 46000 for which provision was made last year.Out of this 46000 only rs.7000 is paid in the financial year.So where will we take the balance of rs.39000 in this year financial statement.
20 July 2009
You can carry forward the balance amount as provision until the liability for the payment arises.
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