Easy Office
LCI Learning

Vat

This query is : Resolved 
Profile Image

Profile Image

(Querist)
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
Profile Image

venkat reddy gopidi

Profile Image

venkat reddy gopidi (Expert)
11 December 2009 Actual payment amount only debited to the p & L account.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links