Refund entries - vat, cst, income tax, ap
Suvo (Student CA Final ) (104 Points)
11 July 2015Suvo (Student CA Final ) (104 Points)
11 July 2015
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(3660 Points)
Replied 07 August 2015
All taxes refundable means it is receivable amounts to the organisation. so All receivable amounts are treated as current assets. so debit the concerned refudable a/c and credit the concerned tax authorities department
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)