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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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The following Trial Balance was extracted from the books of Chetan.Do you think that it is correct? If not,rewrite it in the correct form. Debits Rs Credits Rs ------------------------------------------------------------ Stock |8250 | Capital |10000 Purchases |12750 | Sales |15900 Returns outward |700 |Returns inwards |1590 Discount received|800 |Discount allowed |800 Wages & salaries |2500 |Scooty |1750 Rent and rates |1850 |Carriage charges |700 Sundry debtors |7600 |Sundry Creditors |7250 Bank Overdraft |2450 |Bills payable |690
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