ALLInterview.com :: Home Page            
 Advertise your Business Here     
Browse  |   Placement Papers  |   Company  |   Code Snippets  |   Certifications  |   Visa Questions
Post Question  |   Post Answer  |   My Panel  |   Search  |   Articles  |   Topics  |   ERRORS new
   Refer this Site  Refer This Site to Your Friends  Site Map  Bookmark this Site  Set it as your HomePage  Contact Us     Login  |  Sign Up                      
Google
   
 
Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (422)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (157)
 Taxation interview questions  Taxation Interview Questions (1892)
 Accounting General interview questions  Accounting General Interview Questions (2781)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4351)
Question
what is the journal entry?
goods purchased by ram on credit for 1000 which includes 
vat rs.100 in it
 Question Submitted By :: Balaji
I also faced this Question!!     Rank Answer Posted By  
 
  Re: what is the journal entry? goods purchased by ram on credit for 1000 which includes vat rs.100 in it
Answer
# 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 ?    70 Yes 5 No
Anil
 
  Re: what is the journal entry? goods purchased by ram on credit for 1000 which includes vat rs.100 in it
Answer
# 2
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 ?    39 Yes 19 No
Moti
 
 
 
  Re: what is the journal entry? goods purchased by ram on credit for 1000 which includes vat rs.100 in it
Answer
# 3
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 ?    13 Yes 18 No
Manivannan.r
 
  Re: what is the journal entry? goods purchased by ram on credit for 1000 which includes vat rs.100 in it
Answer
# 4
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 ?    17 Yes 12 No
Akhtar
 
  Re: what is the journal entry? goods purchased by ram on credit for 1000 which includes vat rs.100 in it
Answer
# 5
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 ?    5 Yes 13 No
Venugopalarao Tatineni
 
  Re: what is the journal entry? goods purchased by ram on credit for 1000 which includes vat rs.100 in it
Answer
# 6
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 ?    18 Yes 2 No
Satyanarayana Raju
 
  Re: what is the journal entry? goods purchased by ram on credit for 1000 which includes vat rs.100 in it
Answer
# 7
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 ?    7 Yes 5 No
Annapurna
 
  Re: what is the journal entry? goods purchased by ram on credit for 1000 which includes vat rs.100 in it
Answer
# 8
Purchases a/c dr 900
Vat input a/c dr 100
To supplier a/c 1000
(Being purchase on credit)
 
Is This Answer Correct ?    16 Yes 2 No
Satyaki_raju@yahoo.com
[Taxtime]
 
  Re: what is the journal entry? goods purchased by ram on credit for 1000 which includes vat rs.100 in it
Answer
# 9
PURCHASE A/C DR 900/-
VAT RECOVERABLE DR 100/-

TO SUPPLIERS CR 1000/-

(BEING ITEMS PURCHASED ON CREDIT)
 
Is This Answer Correct ?    4 Yes 6 No
Rakesh
 
  Re: what is the journal entry? goods purchased by ram on credit for 1000 which includes vat rs.100 in it
Answer
# 10
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 ?    5 Yes 10 No
B.srinivasulu
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
what is the definition of direct expenses?   6
Operating Income means--------------------------   1
can u explain Good will calculation methods? FactSet 5
Expand---------BPCD   2
EXPAND_________WWW   3
Define Busines entity concept? ACS 4
Expand C A P   2
what is different between expenses (direct) and direct expenses?   9
Can anybody tell what is the link b/w reporate and inflation? How these parameters vary???   3
EXPAND______________RRC   2
Expand---------BCDE   1
Expand ________GDP   1
 
For more Accounting AllOther Interview Questions Click Here 
 
 
 
 
 


   
Copyright Policy  |  Terms of Service  |  Articles  |  Site Map  |  RSS Site Map  |  Contact Us
   
Copyright 2013  ALLInterview.com.  All Rights Reserved.

ALLInterview.com   ::  KalAajKal.com