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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (427)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1898)
 Accounting General interview questions  Accounting General Interview Questions (2808)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4359)
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 ?    84 Yes 10 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 ?    85 Yes 39 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 ?    51 Yes 9 No
Rahul Sharma
 
Answer
# 4
By Supplier A/c Dr
TO Vat Purchase A/c
 
Is This Answer Correct ?    53 Yes 32 No
Balaji
 
Answer
# 5
VAT PAYABLE A/C Dr
To Bank / cash A/c
 
Is This Answer Correct ?    31 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 ?    22 Yes 9 No
Jayachandran,cavin Industries
 
Answer
# 7
furniture a/c dr.
To Cash a/c
To vat input a/c
 
Is This Answer Correct ?    19 Yes 6 No
Nitin
 
Answer
# 8
Purchase A/c Dr.
To Vat Purchase A/c
 
Is This Answer Correct ?    39 Yes 27 No
Shalini Sharma
 
Answer
# 9
Purchase A/c Dr.
Vat Return Cr.
 
Is This Answer Correct ?    21 Yes 15 No
Santosh Kumar
 
Answer
# 10
purchses a/c dr.
to at input a/c
 
Is This Answer Correct ?    10 Yes 9 No
Nitin
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
which comes share, asset side or liabilities side?   3
what are the financial reports to be accompanied with income tax return of a business concern?   1
What is the fullform of WCT? Can anybody tell me about this? How and where are we using this?   1
how to do tds entry at tally 9?   9
Paid the club bills out of his personal funds? state whether the the following transcation is business transcation or non business transcation? with reson or explaination?   1
What are the types of leverage? Deloitte 7
What are the errors and the types of errors? Genpact 6
what is IPO FactSet 4
income tax refunds should be accounted for on cash basis or accrual basis   1
What is Asset Management? Northern-Trust 1
Expand---------SBDC   3
expand------SSRT   1
 
For more Accounting AllOther Interview Questions Click Here 
 
 
 
 
 


   
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