Vat audit
This query is : Resolved
09 November 2012
How to do "Determination of gross turnover of sales and purchase along with reconciliation with Profit and loss, Trial Balance/ Sales and Purchase register"
Please help me to do because i have submit it earlier
Please help me to do because i have submit it earlier
09 November 2012
You have to reconcile the Sales as per Sales Register and Profit and loss account
Sales 500000
VAT 12.5% 62500
Total 562500
Eg
As per Sales Register Rs 562500
Less VAT 12.5% Rs. 62500
As per Profit and Loss A/c.Rs.500000
same for the purchase.
Sales 500000
VAT 12.5% 62500
Total 562500
Eg
As per Sales Register Rs 562500
Less VAT 12.5% Rs. 62500
As per Profit and Loss A/c.Rs.500000
same for the purchase.
13 August 2023
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