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

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posted Jul 7 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 by Swati Tyagi
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