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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 (2777)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4351)
Question
How to pass journal entry for vat return entry
 Question Submitted By :: Raykar
I also faced this Question!!     Rank Answer Posted By  
 
  Re: How to pass journal entry for vat return entry
Answer
# 1
debit party account and credit goes to vat account

Purchase a/c dr
To Vat Purchase A/c
 
Is This Answer Correct ?    82 Yes 35 No
Balaji
 
  Re: How to pass journal entry for vat return entry
Answer
# 2
By Supplier A/c Dr
TO Vat Purchase A/c
 
Is This Answer Correct ?    53 Yes 31 No
Balaji
 
 
 
  Re: How to pass journal entry for vat return entry
Answer
# 3
Purchase A/c Dr.
To Vat Purchase A/c
 
Is This Answer Correct ?    38 Yes 26 No
Shalini Sharma
 
  Re: How to pass journal entry for vat return entry
Answer
# 4
OUTPUT A/C Dr.
TO INPUT A/C
TO VAT PAYABLE


VAT PAYABLE DR.
TO BANK/CASH A/C
 
Is This Answer Correct ?    82 Yes 10 No
Anju
 
  Re: How to pass journal entry for vat return entry
Answer
# 5
Purchase A/c Dr.
Vat Return Cr.
 
Is This Answer Correct ?    20 Yes 15 No
Santosh Kumar
 
  Re: How to pass journal entry for vat return entry
Answer
# 6
VAT PAYABLE A/C Dr
To Bank / cash A/c
 
Is This Answer Correct ?    31 Yes 13 No
Kalpana
 
  Re: How to pass journal entry for vat return entry
Answer
# 7
1.at the time of sales

Debitor a/c DR

VAT payable a/c CR

2.Input VAT Adjustemnt entry

VAT payable a/c DR

Input Vat 4% and 14.5% Cr

3.At tthe time of amount remited to Sales Tax

VAT Payable a/c Dr

Cash / Bank Cr
 
Is This Answer Correct ?    22 Yes 8 No
Jayachandran,cavin Industries
 
  Re: How to pass journal entry for vat return entry
Answer
# 8
purchses a/c dr.
to at input a/c
 
Is This Answer Correct ?    9 Yes 8 No
Nitin
 
  Re: How to pass journal entry for vat return entry
Answer
# 9
furniture a/c dr.
To Cash a/c
To vat input a/c
 
Is This Answer Correct ?    18 Yes 6 No
Nitin
 
  Re: How to pass journal entry for vat return entry
Answer
# 10
1. at the time of Purchase

Purchase A/c Dr.10
To VAT input A/C Cr.10

2. at the time of Sale

VAT output A/C Dr.15
To Sales A/C Cr.15

3. Adjustment Entry

VAT output A/C Dr.15
To VAT input A/C Cr.10
To VAT Payable A/C Cr.05

4. for payment of TAX

VAT Payable A/C Dr.05
To Cash/Bank A/C Cr.05

# if input is excess then output then tax is refundable
 
Is This Answer Correct ?    51 Yes 9 No
Rahul Sharma
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
WHAT IS C FORM AND H FORM WHAT IS THE DIFFERENCE BETWEEN THESE TWO AND HOW TO SUBMIT?   2
RULE IN GARNER VS MURRAY Wipro 24
Expand C B D   1
company prepares accounts sometimes on cash basis , sometimes on accural basis A)TRUE B)FALSE C)SOMETIMES TRUE D)SOMETIMES FALSE Genpact 11
What are the accounting principles or concepts.Expalin briefly. Genpact 6
Expand--------ADCB   1
when does accounts receivable have a credit balance?   12
what is p/l appropriation a/c?   2
What is the Entry for Call in arrears? Syntel 6
what is meant by virus Sitel 3
what is debit note received entry ? Flextronics 1
what experience you have as cashier?   4
 
For more Accounting AllOther Interview Questions Click Here 
 
 
 
 
 


   
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