Suppose our input vat is Rs 2000 & our output vat is Rs 1000 /- then what will be journal entry ?


Suppose our input vat is Rs 1000 & our output vat is Rs 2000 /- then what will be journal entry ?

Waiting for feedback.

Suppose my FD is maturing after 2 years whether i should book interest income ?

and when i should book the income?

Dear sir
We want to make 600 Dollar in USA.We need to deduct TDS or not and what will be the rate. please give me all the details

Thanking you

Vijay Thakur

Dear sir,

I Can Know the Reasons for Under valuation of Opening stock

Last year 2012-13 Closing Stock 50 Lakhs in 2013-14 Opening stock was 46 Lakhs

when i was Valuating Closing stock there was a stock was Received from an Vendor 4 Lakhs for Which we have Not Received a Purchase Bill in March Last week of supply by the Vendor but it was Recived in First WEEK OF aPRIL 2013

actual Purchase was 24 Lakhs + 4 Laks ( Last year Material Purchase)

Total Purchases in 2013-14 Was 28 Lakhs

So Opening Stock was 46

Need UR opinion Whether it was Rectified

Dear Sir/Madam,

I have came across a query during audit regarding which I wants to take an opinion.

My question is:-

When we are dealing with the party which is our Debtor as well as Creditor, then whether we can set off the balance of Debtors against Creditors or vice versa?

Please reply as early as possible.

Thanking you,
Prachetas

i using tally erp .....my company have 200 employee.so for the payment of wages i using payroll for wages,pf deduction,overtime,hra,da,gratuity and etc....so my question is it is advisable to work on payroll or create all separate ledger for all the employee...can i create for all the workers the ledger a/c separatly?

1.What will be journal entry if we can purchase the material on credit from X party of Rs 1000 + Excise duty 12.36% + VAT 5%

2.What will be journal entry if we can sale the material to Y party on credit of Rs 2000 + Excise duty 12.36% + VAT 5%

Waiting for feedback

company offered to its customer an offer as follows - buying of coupon worth Rs 1000/-, the customer can redeem the same for Rs 1050/- by buying the companies products

wat is d difference between capital asset and deffered capital asset...???

36 X (A Pvt. Ltd. Company in India) purchased
500 shares @ 1 Euro each of B (A company
incorporated outside India). Since B shares
capital consisted of 500 shares, it became wholly
owned susbsidiary of X.

X also gave loan of 700 Euro to B during
financial year 2013-14 which was recoverted
in indian Rs. As on 31/03/14.

Now, during financial year 2014-15, this
loan is converted into 700 shares of 1 Euro
each.

Please advise
1 What entry is to be passed
2 At what value, transaction to be booked