Vat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 April 2014
vat payable show in profit and loss a/c or not
14 April 2014
VAT payable account is liability account, hence this is not part of P & L
19 April 2014
VAT PAYABLE MEANS YOU MAINTAIN THE SEPERATE A/C FOR VAT PAYMENT . IT SHOW LIABILITY SIDE OF B/S.
NOT THE PART OF P/L A/C
NOT THE PART OF P/L A/C
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