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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (159)
 Taxation interview questions  Taxation Interview Questions (1916)
 Accounting General interview questions  Accounting General Interview Questions (2844)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4376)
Question
How to pass journal entry for vat return entry
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
OUTPUT A/C Dr.
TO INPUT A/C
TO VAT PAYABLE


VAT PAYABLE DR.
TO BANK/CASH A/C
 
Is This Answer Correct ?    92 Yes 11 No
Anju
 
Answer
# 2
debit party account and credit goes to vat account

Purchase a/c dr
To Vat Purchase A/c
 
Is This Answer Correct ?    88 Yes 40 No
Balaji
 
 
 
Answer
# 3
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 ?    53 Yes 10 No
Rahul Sharma
 
Answer
# 4
By Supplier A/c Dr
TO Vat Purchase A/c
 
Is This Answer Correct ?    54 Yes 32 No
Balaji
 
Answer
# 5
VAT PAYABLE A/C Dr
To Bank / cash A/c
 
Is This Answer Correct ?    32 Yes 14 No
Kalpana
 
Answer
# 6
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 ?    23 Yes 10 No
Jayachandran,cavin Industries
 
Answer
# 7
Purchase A/c Dr.
To Vat Purchase A/c
 
Is This Answer Correct ?    40 Yes 28 No
Shalini Sharma
 
Answer
# 8
furniture a/c dr.
To Cash a/c
To vat input a/c
 
Is This Answer Correct ?    20 Yes 8 No
Nitin
 
Answer
# 9
Purchase A/c Dr.
Vat Return Cr.
 
Is This Answer Correct ?    22 Yes 16 No
Santosh Kumar
 
Answer
# 10
purchses a/c dr.
to at input a/c
 
Is This Answer Correct ?    11 Yes 9 No
Nitin
 

 
 
 
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what is the Full form of SAS like CA?   11
what is the difference between intangible assets and fictious assets Capital-IQ 4
 
For more Accounting AllOther Interview Questions Click Here 
 
 
 
 
 


   
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