Results 1 to 3 of 3

Thread: set off

  1. 24-Nov-2007, 09:07 #1
    kat2006
    kat2006 is offline Junior Member
    • Member Info
      • Member Type:
      • Student or Learner
      • Native Language:
      • Chinese
      • Home Country:
      • China
      • Current Location:
      • China
    Join Date
    Aug 2007
    Posts
    94

    Default set off

    The company maintains a common VAT account for its purchase and sales transactions, which is set off at the end of each month.

    anyone please tell me what "set off" means in here?
  2. 24-Nov-2007, 09:22 #2
    knowledge
    knowledge is offline Junior Member
    Join Date
    Apr 2005
    Posts
    61

    Default Re: set off

    Quote Originally Posted by kat2006 View Post
    The company maintains a common VAT account for its purchase and sales transactions, which is set off at the end of each month.

    anyone please tell me what "set off" means in here?
    Hi! I think "set off" here means start working.
  3. 24-Nov-2007, 11:36 #3
    Anglika
    Anglika is offline No Longer With Us
    Join Date
    Oct 2006
    Posts
    19,449

    Default Re: set off

    Quote Originally Posted by kat2006 View Post
    The company maintains a common VAT account for its purchase and sales transactions, which is set off at the end of each month.

    anyone please tell me what "set off" means in here?
    The VAT account is "set off" against the end of month accounts for the company - the purchasing and sales accounts are balanced.
« Previous Thread | Next Thread »

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Forum Rules


Search Engine Optimization by vBSEO 3.6.0