gunesh
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Hi I am preparing for CA exam. I want to know, What are premises in accounting sense? What is VAT adjustment?
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acharya
answered
Hi,
Premises is and Fixed Assed in the accounting sense which is shown in the balance sheet in final accounts Vat adjustment is out put tax - input tax the vat which is paid on purchase will be deducted from vat collected from sales this adjustment is known as vat adjustment.
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narahari
answered
Premises is and Fixed Assed in the accounting sense which is shown in the balance sheet in final accounts Vat adjustment is out put tax - input tax the vat which is paid on purchase will be deducted from vat collected from sales this adjustment is known as vat adjustment.
ARJUN PRATAP SINGH
answered
Dear Friend,
as far as your query is concerned that What are premises in accounting sense? What is VAT adjustment?
Let me informed that Premises is and Fixed Assed in the accounting sense which is shown in the balance sheet in final accounts Vat adjustment is out put tax - input tax the vat which is paid on purchase will be deducted from vat collected from sales this adjustment is known as vat adjustment.
Hope answer was helpful to you
Regards,
Arjun Pratap Singh
