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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1913)
 Accounting General interview questions  Accounting General Interview Questions (2841)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4372)
Question
how to pass journal entry for vat paid in tally?
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
Debit VAT payable a/c and credit bank a/c 
Is This Answer Correct ?    39 Yes 8 No
Anandrao95
 
Answer
# 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
 
 
 
Answer
# 3
vat payable a/c Dr.
To Bank a/c
 
Is This Answer Correct ?    10 Yes 2 No
Ranjeet Kumar
 
Answer
# 4
vat payable A/c ..............Dr
cash/bank .................Cr
 
Is This Answer Correct ?    2 Yes 1 No
Eliyash
 
Answer
# 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
 
Answer
# 6
vat paid A/c Dr.
Bank A/c Cr.
 
Is This Answer Correct ?    9 Yes 10 No
Suresh Kumar
 

 
 
 
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