WHAT ENTRY PASSED IN BOOOKS OF ACCOUNT IF INVOICE BILING AS
UNDER :.
SUB TOTAL = 428325.45
VAT @12.5%= 53540.68
Additional vat 1%= 4283.25
ORDER DISCOUNT = (9722.99)
ROUNDED OFF = 0.39
--------------------------
NET AMOUNT = 476426.00
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Answer / asif beg
ENTRY :.
PURCHASED A/C DR. 428325.45
VAT ON PURCHASE A/C DR. 57823.54
TO PARTY A/C 476426.00
TO DIS. REC. 9722.99
(BEING GOODS PURCHASED)
THANK YOU
| Is This Answer Correct ? | 13 Yes | 3 No |
purchase a/c Dr 4,28,325.45
input vat 12.5%a/c Dr 53,540.68
additional vat 1%a/c Dr 4,283.25
To discount received a/c 9,722.99
To party name a/c 4,76,426.00
To round of a/c .39
(being purchased goods)
| Is This Answer Correct ? | 2 Yes | 0 No |
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