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Categories >> Accounting >> Accounting AllOther


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 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4372)
how to pass journal entry for vat paid in tally?
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
# 1
Debit VAT payable a/c and credit bank a/c 
Is This Answer Correct ?    39 Yes 8 No
# 2
first of all you have to open the tally and select voucher
entry then press F7 key and enter the journal entry as

vat payble a/c dr
to bank a/c
Is This Answer Correct ?    10 Yes 0 No
Abdul Kaleem
# 3
vat payable a/c Dr.
To Bank a/c
Is This Answer Correct ?    10 Yes 2 No
Ranjeet Kumar
# 4
vat payable A/c ..............Dr
cash/bank .................Cr
Is This Answer Correct ?    2 Yes 1 No
# 5
Firstly you need to create the % of vat a/c may be 14.5/5% etc.,under duties & taxes head & then need to select the accounting voucher entry in tally prees 7 for journal entries & give a debit to the corresponding percentage of vat & give a credit to any bank or cash account which wiil be already created under cash/banks a/c's head. 
Is This Answer Correct ?    0 Yes 0 No
Shashikala Jm
# 6
vat paid A/c Dr.
Bank A/c Cr.
Is This Answer Correct ?    9 Yes 10 No
Suresh Kumar

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