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In Tally, Rates & Taxes comes under _ Groups ? A. Duties &Taxes B. Income C. Expenditure D. None

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Question added by manseer muhammed ali , Accountant General , Royal Lighting L.L.C & Royal Furnishing LLC
Date Posted: 2016/02/03
Saifullah Saifi
by Saifullah Saifi , Accountant , United Brothers Trader

In tally 9, the Rates and Taxes comes under the group of "Duties & Taxes".

Reshma Pereira
by Reshma Pereira , Accountant , Ramamurthy udupa Commercial accountant & tax consultant

In tally , rates and taxes comes under duties and taxes

Rajeev Edathanal Thankappan
by Rajeev Edathanal Thankappan , Group Accounts / Finance Manager , FBA Group W.L.L.

I can say two answer in this case;

1. Answer A. Duties and Taxes as Duties & Taxes as it is one of the heading given by tally as of its defalt 28 Account Heads.

2. Answer. D None, since duties are taxes come under Indirect Expenses in profit and loss account. 

yousuf baba
by yousuf baba , Accountant , Gayathri Agro Tech

Primary Group is current liabilite and under this sub group is duties and taxes

Naveed Iqbal
by Naveed Iqbal , Senior Accountant , Hamdan AL Shamsi Lawyer & Legal Consultants

Rate and taxes are classified in Duties and taxes

Harshad Kabeer
by Harshad Kabeer , Accountant , Development Step Est.

It comes under the duties and taxes

Answer is A . because the rates &taxes are under the duties and  taxes in Tally ERP9.

THASLEEM PANDARATHIL
by THASLEEM PANDARATHIL , GENERAL ACCOUNTANT , QASSER AL BADEE DECORATION

my answer is C. Because rates & taxes is the tax liability it is expense to company

Rates & taxes comes under group 

A. Duties & Taxes

 

ANSARI AFTABAEHMAD FAIYAJAEHMAD
by ANSARI AFTABAEHMAD FAIYAJAEHMAD , Computer Education , CDAC COMPUTER EDUCATION

In Tally Rates & Taxes comes under Group

Answer:-

A. Duties & Taxes

jafar shareef konnakkal
by jafar shareef konnakkal , ACCOUNTANT Cum sales , AL ANEES ELECTRONICS QATAR

my answer is c.expenditure.its shows in debit side of profit&loss a/c.

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