what is the journal entry?
goods purchased by ram on credit for 1000 which includes
vat rs.100 in it
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Answer / adeel
purchases A/c (dabit) 1000
ram A/c (credit ) 900
VAt A/c (credit) 100
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / j.gopinath singh
To Purchase a/c Dr 900
To Vat Purchase a/c Dr 100
By Ram a/c Cr 1000
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / ashok navgire
Purchase a/c dr 900
Vat a/c dr 100
to s.crs (ram) 1000
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / ganesh.s
Purchases a/c Dr. 900
vat a/c Dr. 100
To Rama a/c 1000
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / rakesh
PURCHASE A/C DR 900/-
VAT RECOVERABLE DR 100/-
TO SUPPLIERS CR 1000/-
(BEING ITEMS PURCHASED ON CREDIT)
| Is This Answer Correct ? | 5 Yes | 6 No |
Answer / rakesh mallik
Purchase A/C DR 1000/-
Ram A/c CR 1000/-
Being Value Of Goods Purchased from Ram.
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / b.srinivasulu
Purchased a/c dr 900
vat a/c dr 100
to Ramkumar A/c cr 1000
(Bg credit purchaed by Ram)
| Is This Answer Correct ? | 6 Yes | 10 No |
Answer / manivannan.r
Purchase Material A/c dr 900
Vat Payable A/c dr 100
TO RAM'S A/C. 1000
(BEING GOODS PURCHASED ON CREDIT)
| Is This Answer Correct ? | 14 Yes | 19 No |
Answer / venugopalarao tatineni
1)Purchase A/c Dr
Input Vat payable A/C Dr
Ramco ltd A/c Cr
2)CWIP - electrical/Machinery A/C DR
Capital Vat Payable A/C DR
Ram johanyakbar c.A/C Dr
| Is This Answer Correct ? | 6 Yes | 13 No |
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In Pricing the gallons of petrol sold,service station 'A' follows the first-in-first-out method,while service station'B'follows last-in-first-out method.On 1st January both has the same quantity in stock viz.6,000 gallons at Rs.26 per gallon.During the month,each station recieved additional supplies of 6,000 gallons at Rs.27.50 per gallon.Sales for each of these two stations,during the month,were 8,800 gallons at Rs.29 per gallon. Determine for each service station,profit earned during the month and value of the petrol in stock at close of the month.
WHAT IS THIS ACCOUNT
tell me about share?
Audit 
