web analytics

What is the entry in folllowing cases

 

1.Excise Bill for Purchase

A LTD
Purchase 100000
Excise 12.5% 12500
Total 112500
Vat 5% (of Total) 5625
Grand Total 118125
View Answer

 

2.Vat on Expenses

G LTD
Office Stationary 8000
vat 5% 400
  8400
View Answer

 

3.  Service Tax on Expenses

AIRTEL
TELEPHONE 2500
Service Tax 14% 350
  2850
View Answer

 

4.Vat on Machine used in Office

D LTD
Machine 90000
vat 5% 4500
  94500
View Answer

 

5.Vat on Machine Used in Production or Sales (Capital Goods)

D LTD
Machine 90000
vat 5% 4500
  94500
View Answer
  1. Accounts and Finance
  2. Accounts with Taxes
Ask Download

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 7 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
Jail