What will be the Journal Entry for this?
Purchases goods from vendor worth Rs.20000.VAT included 4%.

Answer Posted / manojs

purchases a/c dr 19200
input vat a/c dr 800
to cash 20000

Is This Answer Correct ?    46 Yes 26 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are document required by the bank to make payment for debit memo (Import). if we have allready made payment for orignal bill.

1457


How to calculate ESI Please define what include in basic salary and what should be excluded from basic salary

1224


Where do generally accruals appear on the balance sheet?

616


I purchased a machine and finance it by bank with the amount 1900000 and bank apply the finance charge 440000 for 3 years finance how to pass this entry still machine value is 2200000 is finance charge is interest (indirect exp.) pls help me.

1378


dear sir,how to maintain petty cash book. its voucher and posting on cash book and ledger A/c?

1028






What was the most difficult deal you had to close?

567


What is accounting period?

632


Explain purchase day book.

655


The Horse bought rs. 2000 on Jan.20th died, its carcase was sold for rs.50 loss rs. 1950 what is journal enty

1342


Why is it necessary to prepare Asset Disposal Account?

1465


What is journalizing? What are the columns of a journal?

660


What was your most complicated sales cycle in past positions?

807


How many invoices on average do you handle on a weekly/monthly basis?

672


Tell me do you think there is any difference between inactive and dormant accounts?

617


what is one way , two way matching , three way , four way matching ?

1399