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Categories >> Accounting >> Accounting AllOther


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 Accounting General interview questions  Accounting General Interview Questions (2810)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4363)
what is the journal entry?
goods purchased by ram on credit for 1000 which includes 
vat rs.100 in it
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
# 1
purchase a/c. dr. 900
vat a/c dr. to 100
(party name) 1000
(being goods purchase by ram on credit including vat)
Is This Answer Correct ?    73 Yes 6 No
# 2
purchase material a/c dr 900

vat payable a/c dr 100

TO RAM'S A/C. 1000

Is This Answer Correct ?    40 Yes 20 No
# 3
Dr Purchase of goods A/c---900
Dr Vat input A/c 100
Cr Suppliers A/c 1000
(Being goods purchase which is inclusive of vat tax)
Is This Answer Correct ?    19 Yes 3 No
Satyanarayana Raju
# 4
Purchases a/c dr 900
Vat input a/c dr 100
To supplier a/c 1000
(Being purchase on credit)
Is This Answer Correct ?    18 Yes 2 No
# 5
Purchase A/c Dr 900
Input vat A/c Dr 100
Ram A/c Cr 1000

(being goods purchase on credit as per bill no-)
Is This Answer Correct ?    19 Yes 12 No
# 6
all purchases must be debited hence debited
Vat tax which is added to purchases is an input tax All
input taxes will be debited.Any payable is a liability and
will be always on credit side only.Here Ram purchased from
somebody so somebody(supplier) has to be credited
Is This Answer Correct ?    8 Yes 5 No
# 7
Purchases a/c Dr. 900
Input Vat a/c Dr. 100
To, Ram's a/c 1000
(Being credit purchases from Ram)
Is This Answer Correct ?    3 Yes 0 No
Deepak Jain
# 8
Purchases a/c Dr. 900
Vat a/c Dr. 100
To Creditors a/c 1000
Is This Answer Correct ?    4 Yes 2 No
Anuradha Singla
# 9
purchas ac dr 1000
to rams ac 1000
Is This Answer Correct ?    2 Yes 0 No
# 10
party a/c dr
Is This Answer Correct ?    2 Yes 1 No

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