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What are premises in accounting sense? What is VAT adjustment?

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What are premises in accounting sense? What is VAT adjustment?
posted Jul 7, 2017 by Rupali Thakur

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1 Answer

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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 decucted from vat colledted from sales this adjustment is known as vat adjustment

answer Jul 8, 2017 by Swati Tyagi
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