what is the journal entry?
goods purchased by ram on credit for 1000 which includes
vat rs.100 in it

Answer Posted / akhtar

Purchase A/c Dr 900
Input vat A/c Dr 100
Ram A/c Cr 1000

(being goods purchase on credit as per bill no-)

Is This Answer Correct ?    23 Yes 14 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Short Answer on ___________Finance Bill

1585


barwaha

660


Dear All, Please reply ASAP. I have an account with SBI and ICICI bank. I have mention the Authorised bank address of SBI in our Shipping bill and GR. But we have received the Payments in ICICI Bank. Please inform who are able to realise the Bank Realisation Certificate (BRC)ICICI or SBI. Can SBI are quolify for refuse for BRC Application. Please reply of this query on jani_janikalpesh@yahoo.com regards Kalpesh Jani 9978912950

1917


what is the core accounts

1684


Hello... i am looking jobs in investment banking, derivates and BRS and i apply nakuri,Timesjobs and monster. But i did not get the job. so if websites and ID. Please help me.. Thanking u...

1742






what is meant by qurum

2020


What does stand for EPD,MIS? Can anyone tell me briefly n clearly about this?

1850


whts is the meaning of over cost and under cost, what is difference ?

11405


What is the Memorandum voucher?

9959


Explain about Fixed capital

1591


you went outside to purchase vegetagles, suddently big rain came then what you will do

1654


differed tax liability

1478


Expand MNS

1708


what is mean by traditional accounting ?

1998


what is difference between account and accounting

1311