Dear Brother, Your teaching is praiseworthy but I think example nine purchase from Turnover registered person will be Tk. 104,ooo as it is totally treated as input (raw material) and rebate will not be claimed, it is ok.
Thanks for your observation. VAT is not your own income or expenses, You just collect VAT to pay govt on behalf your customers. So, First you collect VAT which have to pay so its a liabilities. And then if you have taken any rebate your liability will be reduced. So The final balance will be VAT payable (Current liabilities) Input & output VAT should under that VAT payable ledger. I think you understand the concept I prefer. let me show if you have any query to discuss-01717228581.
খুবই গুরুত্বপূর্ণ এবং উপকারী
Sir,
Your way of teaching is super. I really like it.
Arokom aro video need
Awesome!!!!
Informative class.
Thanks for this video.
এক কথায় অসাধারণ উপস্থাপন স্যার
very informative class, sir.
thank you very much.
Thanks sir
Dear Brother, Your teaching is praiseworthy but I think example nine purchase from Turnover registered person will be Tk. 104,ooo as it is totally treated as input (raw material) and rebate will not be claimed, it is ok.
Thanks
Please note that you have said that VAT input will be showed under current assets, but you said about vat liability increase or decrease.
Thanks for your observation. VAT is not your own income or expenses, You just collect VAT to pay govt on behalf your customers. So, First you collect VAT which have to pay so its a liabilities. And then if you have taken any rebate your liability will be reduced. So The final balance will be VAT payable (Current liabilities) Input & output VAT should under that VAT payable ledger. I think you understand the concept I prefer. let me show if you have any query to discuss-01717228581.
6.5 niye video chai
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