Vat
This query is : Resolved
11 December 2009
Dear Experts
If a company has Input vat Rs. 50000 and Out put vat rs. 60000. and Company have paid Vat rs. 60000-50000= 10000.
in the above case which amount debit in profit and loss a/c
Regards
Mahesh Siradhana
If a company has Input vat Rs. 50000 and Out put vat rs. 60000. and Company have paid Vat rs. 60000-50000= 10000.
in the above case which amount debit in profit and loss a/c
Regards
Mahesh Siradhana
11 December 2009
Actual payment amount only debited to the p & L account.
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